MKR/USDT 1h chart
Hello everyone, let's look at the current MKR situation considering the one hour interval.
In this situation, we can see the price approaching the upward trend line, which provides strong support for the price, but it is worth switching to a stop-loss now in case of further declines in the market:
sl1 - $1,800.
sl2 - $1742.
sl3 - $1691.
looking the other way, if the increases continue, we have visible resistance at the level of $1,863, the next important level is $1,912 so that the price can move towards $1,989, only the exit to the top will open the way above $2,100.
In this situation, we can see the price approaching the upward trend line, which provides strong support for the price, but it is worth switching to a stop-loss now in case of further declines in the market:
sl1 - $1,800.
sl2 - $1742.
sl3 - $1691.
looking the other way, if the increases continue, we have visible resistance at the level of $1,863, the next important level is $1,912 so that the price can move towards $1,989, only the exit to the top will open the way above $2,100.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.