1INCH is currently in an uptrend as the recent dip in Bitcoin’s (BTC) price has subsequently caused the coin to fall to its first buy zone as marked on the chart below. Given the relatively high probability of another BTC price drop in the near term, 1INCH may once again undergo another correction. In this case, we recommend keeping in mind the possibility of an uptrend and the buy zones marked on the chart.
The RSI indicator on the 4-hour timeframe is still far from the overbought zone, so 1INCH has all the chances to continue growing to the $2 level. After that, another pullback to the uptrend line followed by further growth. The MACD also indicates a nearing bullish cross.
Use the GRID Bot by 3Commas to place 1INCH long orders closer to the uptrend line and buy zones. To do so, follow the steps below:
The RSI indicator on the 4-hour timeframe is still far from the overbought zone, so 1INCH has all the chances to continue growing to the $2 level. After that, another pullback to the uptrend line followed by further growth. The MACD also indicates a nearing bullish cross.
Use the GRID Bot by 3Commas to place 1INCH long orders closer to the uptrend line and buy zones. To do so, follow the steps below:
- Head over to the GRID Bot by choosing it from the main menu in your 3Commas account;
- Select the USDT Market and the 1INCH/USDT pair;
- In the GRID Bot tab, go to the Manual strategy settings;
- Set the upper limit price to $3.01 and the lower limit price to $1.10, number of grid lines: 10;
- Set the quantity per grid parameter according to the amount you wish to spend on each trade;
- Click the Create button.