On the chart of 1INCH you can distinguish the big value area. The important key level is the lower limit of the trading range. Now the price is squeezing near the lower boundary of the trading range. This is a positive signal. Signal for a possible breakout. In the case of squeezing and breakout of the lower boundary of the trading range there may be a good opportunity to buy.

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.