$1INCH – Weak Hold Near Support, Breakdown Setup Forming 📉
Trading Plan (Short)
Entry: 0.0870 – 0.0885
SL: 0.0930
TP1: 0.0860
TP2: 0.0845
TP3: 0.0820
$1INCH USDT is currently trading around 0.0873, hovering just above the key support at 0.0868 while failing to show any strong bounce toward the 0.0929 resistance.
On the 1H timeframe, price is showing weak structure with limited upside movement and slow recovery attempts. This type of price action near support often signals exhaustion from buyers.
The inability to push higher increases the probability of a support breakdown. If 0.0868 fails, a quick move toward lower levels is likely as sell pressure increases.
Unless 1INCH reclaims and holds above 0.0929, the overall bias remains bearish and any bounce can be considered a selling opportunity.
This setup is based on weak support hold + lack of bullish momentum + pressure building near downside level — favoring short continuation.
Trade $1INCH here 👇 📉
