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MKRUSDTPERP PERPETUAL MIX CONTRACT

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MKRUSDT.P trade ideas

Maker Faces Critical JunctureMaker (MKRUSDT) is moving within a major downtrend, it has been red without any signs of relief. Currently, it is reaching a major support level in the form of 0.786 Fib. retracement, relative to the June 2023 - April 2024 bullish wave. ➖ If this support level breaks, around 1,260, MKRUSDT is set for a major crash. ➖ If this level holds, on the other hand, a small recovery can show up. Which one is more likely to happen based on the current chart? Recovery or bearish continuation? ➢ Seeing the weekly candle with a long upper shadow, indicates that the bulls tried to push prices higher and were rejected. The current chart setup favors the bears and a bearish continuation. ➢ It is likely the critical support level will breakdown and the next support range, below 1,000, will be tested in the coming weeks. Thank you for reading. Namaste.
Short
by AlanSantana
2
MKR will soon become bullishFrom where we put the red arrow on the chart, the MKR correction has started. It is approaching the cheap ranges after the deep correction. We also have a liquidity pool at the bottom of the chart. It is expected that the pool will be swept and the price will retrace upwards after hitting the deand range. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
MKR/USDT 1W Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is moving in a downtrend channel, at its lower boundary. Let's start by setting goals for the near future, which include: $2,063. $2,545. $2,767. $3,080 Now let's move on to the stop-loss in case the market continues to decline: SL1 = 1250USD SL2 = $953 SL3 = 520USD Looking at the RSI indicator, we see as the indicator moves at the bottom of the range, which may translate into an attempt at price increases.
by cryptodailyuk
MKR/USDT 1W Chart Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is staying in the downtrend channel, at its lower boundary. Let's start by setting goals for the near future, which include: T1 = $2,063 T2 = $2,454 T3 = $2,767 T4 = $3,080 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $1563 SL2 = $1250 SL3 = $953 Looking at the RSI indicator, we can see that we are already quite low, which may result in an attempt to change direction, the movement of which appears to have begun.
by cryptodailyuk
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Long
by Saver0
MKR/USDT 1WHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see that the price has returned to the downtrend, but we are still above the main uptrend line. Let's start by setting goals for the near future, which include: T 1 = $2,183 T 2= $2,548 T 3 = $3,121 AND T 4= $3,554 Looking the other way, there is very strong support at $1,277, but if it is broken, the price drop may be much greater. Looking at the RSI indicator, we see that it is at a very low level, which may result in a change in the direction of movement in the coming weeks.
by cryptodailyuk
1
Major Breakout Alert: MKRUSDT Next Move Could Shock Traders!Yello Paradisers, are you ready for what’s next? #MKRUSDT has caught our attention with its recent movements, but what's about to happen could redefine your trading strategy. 💎#MKRUSDT has been in a notable downtrend for several days, forming a descending resistance with multiple taps. This resistance was recently broken, but we haven't seen a retest yet. 💎The pair has been creating lower lows and lower highs. However, it recently swept previous lows and formed a double bottom. This led to a market structure break, causing the price to surge. 💎A retracement to the previous resistance now acting as support is most probable, around the $2625-$2500 range, probability of forming a higher low. There's a bullish OB at $2281. If the current support doesn't hold, this level might come into play. 💎Minor resistance is spotted at $3131. If volume sustains, the price could target the major resistance zone between $3732-$3958. 💎A crucial support level at $1988 must hold. A candle close below this point would invalidate the uptrend and confirm a bearish scenario. Stay focused, patient, and disciplined, Paradisers. This is the only way you can get inside the winner circle. Stay vigilant and ready to adapt to these key levels, Paradisers. This market requires patience and disciplined trading strategies. Trade smart and stay ahead of the game! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
2