MKRUSDT trade ideas
MKRUSDT (4H CHART)MKRUSDT (4H CHART) Technical Analysis Update
MKR/USDT currently trading at $1.44
Buy-level: above $2650
Stop loss: below $2360
Target 1: $2935
Target 2: $3225
Target 3: 3515
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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MKRUSDT (MKR) - UPDATE ANALYSIS 🔎
- MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH .
- The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a descending triangle pattern .
- There's a possible uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- ATH resistance
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support.
MKR is a gold of this month. 100% profit potentialMKR is finishing consolidation phase and will go to retest 2050$ zone. The 4100$ target is reachable 🙏
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SPOT
MKR / USDT
🔰Entry: 2050
Target1: 2660
Target2: 3100
Target3: 3650
Target4: 4100
⛔️ Stop Limit: 1840
<< INFO >>
R/R Ratio: 9.8
Full TP ~ 100.00%
Lost ~ -10.24%
⏱Time Zone: 19d
MKRUSDT (MKR) - UPTREND CONTINUATION ANALYSIS 🔎
- MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH.
- The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a symmetrical triangle pattern.
- There's a possible uptrend continuation.
BUY ENTRY ⬆️
- Aggressive entry (risky) : current market price (now).
- Conservative entry : breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- ATH resistance
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
MKRUSDT (Waiting for the resistance zone breakout)MKRUSDT (1H CHART) Technical Analysis Update
Waiting for the Resistance zone breakout
MKR/USDT currently trading at $2700
Buy-level: Above 2750 (only enter if 1h candle closes above the resistance zone
Stop loss: below $2450
Target 1: $3050
Target 2: $3500
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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