$1INCH /USDT BEARS IN CONTROL — WATCH FOR A SUPPORT TEST
Current Price: 0.1665 USDT
📊 Market Structure & Key Levels
Immediate Resistance: 0.1698 – 0.1722
Price was rejected from this zone, showing selling pressure.
Major Resistance: 0.1855 – 0.2012
A strong supply area; a breakout above would change the bias.
Immediate Support: 0.1643 – 0.1620
This is the short-term floor bulls must defend.
Lower Support: 0.1576 – 0.1540
If the current support breaks, price may slide toward this zone.
🎯 Trade Setup (Short Bias)
Entry (Short): 0.1680 – 0.1695 (on pullback into resistance)
Stop-Loss (SL): 0.1735 (above recent high)
Take Profits (TP):
TP1: 0.1620
TP2: 0.1576
TP3: 0.1540 (extended target)
Invalidation: A strong close above 0.1735 would invalidate the short setup and shift focus to higher resistances.
🌱 Final Note
Markets move in cycles—patience and discipline are your edge. Stick to your plan, manage risk wisely, and let the chart guide your decisions. Every trade is a step forward in your learning journey. Stay focused and keep growing! 🚀
