Hi everyone, let's look at the 4h MKR to USDT chart, in this situation we can see how the price has broken out of the uptrend line and the attempt to return above it has failed. Locally, a downtrend line is visible and the price remains below it. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels: T1 = 1708 USD T2 = 1844 USD T3 = 1955 USD T4 = 2067 USD T5 = 2225 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 1591 USD SL2 = 1386 USD SL3 = 1118 USD On the RSI indicator, we can see how we have turned back after crossing the upper boundary and it can be seen that there is still room for the price to continue to fall.
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