1INCH — Trade Signal Indicates Quick Gains On The 4H Chart

The crypto market is mainly moving sideways. Accordingly, it is reasonable to pursue trades with a lower profit potential.

1INCH is an exciting opportunity to realize 2.5% gains.

1️⃣ Bullish Trade Signal Flashed
1INCH flashed a bullish MACD crossover on the 4H chart. The signal has high reliability to realize gains of 2% and, therefore, perfectly aligns with the calculated profit potential of 2.5%

2️⃣ Chart Support Bullish Movement
1INCH bounced once again at its 0.39 support level, and we can expect a move toward the resistance at 0.408

3️⃣ Trade Setup
A tight stop loss is mandatory since the profit potential is relatively low. Therefore, a stop loss of 0.8% might be wise. That results in a risk/reward ratio of ~3.

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