Over the day, 1INCH is up 100%, while the entire market has corrected by 10 - 20%.
From a fundamental point of view, 1INCH is a decentralised exchange, which has become very popular since the Securities Commission began actively regulating exchanges and similar platforms.
From a technical point of view, the price broke the resistance line, went up a hundred percent, and now it is pulling back.
What recommendations can we make.
Usually after the price makes the first impulse rise, there is a pullback, consolidation, trendline formation, breakout and an impulsive second wave.
If you want to open a trade, it is better to wait for a trend line formation and breakout.
From a fundamental point of view, 1INCH is a decentralised exchange, which has become very popular since the Securities Commission began actively regulating exchanges and similar platforms.
From a technical point of view, the price broke the resistance line, went up a hundred percent, and now it is pulling back.
What recommendations can we make.
Usually after the price makes the first impulse rise, there is a pullback, consolidation, trendline formation, breakout and an impulsive second wave.
If you want to open a trade, it is better to wait for a trend line formation and breakout.
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