1INCH sell/short setup

4 ago 2024

The large structure is 1 INCH bear. We have a supply range on the chart in which we are looking for sell/short positions.

Because the sell/short position is in the same direction as the main trend.

The target can be the range of demand.

Closing a daily candle above the invalidation level will violate the analysis.

Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks

8 ago 2024

Trade chiuso: obiettivo raggiunto

Due to heavy selling pressure, it did not reach the supply range, but our bearish view was correct on I1 INCH and reached the specified range.