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Mkrusdtanalysis

MKR, Ready for a short opportunity !!!Hello Traders, Hope you are doing great. After a good upward movement that happened in last weeks, now it seems that bulls are going to lose their control and we'll probably see a downward correction after the price reaches to the specified supply zone, we also have regular divergences on 4H and Daily timeframes. So for upcoming days I expect a slowly upward movement at first and after that Bears step in and cause a downward correction happen. Targets have determined by Blue dashed lines. And finally Tell me What are your thoughts about MKR ? UP or DOWN ? comment your opinion below this post.
by aminrzb
1
#MKRUSDT is gaining momentum🚀 LONG #MKRUSDT from $1485.0 🛡 Stop Loss: $1438.0 ⏱ 1h Timeframe 🔹 Overview: ➡️ The asset is in a strong uptrend, forming a cascade of support levels with buyers stepping in. ➡️ The price recently tested a major resistance level ($1500) and entered a brief consolidation. ➡️ Patterns such as "expanding triangle" and "rising wedge" confirm strong activity and accumulation. ➡️ The current POC zone (1197) indicates high buying interest, supporting further upside movement. ⚡ Plan: ➡️ Going long from $1485.0, anticipating a breakout above the local high. ➡️ Taking profits at TP levels with potential partial exits. 🎯 TP Targets: 💎 TP 1: $1500.0 💎 TP 2: $1530.0 💎 TP 3: $1554.0 📢 #MKRUSDT is gaining momentum — preparing for an upward move!
Long
by MoriartyTrading
Will MKRUSDT Hold or Break? Critical Levels You Must Watch! Yello, Paradisers! Are you watching #MKRUSDT closely? This critical moment could set the stage for a massive move—don’t miss out! 💎#MKR is currently showing respect for its support levels, with potential for bullish continuation if it successfully breaks the minor resistance area near $2,400. A breakout above this resistance could ignite a mid-term bullish rally, with the highest probability of reaching the major resistance zone as our next target. 💎However, the picture isn’t all bullish. If MKR fails to approach or break this minor resistance, there’s a significant chance it will retrace back to the demand zone at $1,887. At this level, price action will be critical: if MKR finds support and rebounds, the bulls might regain control, setting up another attempt to break the minor resistance. 💎But what if MKR fails to rebound at $1,887? In this scenario, we could see the price retesting a lower demand zone between $1,700 and $1,600. A failure here could signal deeper downside potential, putting MKR at risk of falling even further. 💎When analyzing MKR’s price history, the support zones have repeatedly held firm, showing strong buying interest when the price dips into these areas. If history repeats itself, MKR could again find support and bounce. However, a confirmed break and daily candle close below $1,600 would invalidate the bullish outlook and could lead to a deeper correction. Avoid emotional trades, stay focused on your strategy, and always manage your risks. Consistency, not speculation, is how you win in this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
MKR/USDT: Looking Promising for a Breakout!MKR/USDT: Looking Promising for a Breakout! MKR/USDT is showing signs that it could be on the verge of a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy: Breakout trading tips 💡 1. Confirm the breakout: A true breakout happens when the price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊 2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄 3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️ 4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like MKR. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐 5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈 Trade with caution and keep these tips in mind to make the most of MKR/USDT’s promising move. This isn’t financial advice—always DYOR! 🔥
Long
by Crypto-By-Ghazi
2
MKR/USDT Facing a key resistance zone, Could Break or rejected?💎 MKR has recently witnessed significant developments in the market. It is currently facing a key resistance zone, and historical data indicates the strength of this area. 💎 To continue its upward trajectory, MKR would need to break out of this zone successfully, which could potentially lead to a significant upward movement, probability aiming to reach our target strong resistance area. 💎 However, if MKR fails to break through this key resistance zone once again, there is a possibility that the price could retreat to the support area around 1616 to establish new momentum. In a more bearish scenario, MKR could even drop down to the demand area near 1300. 💎 The demand area is crucial as it represents the last support for a bullish movement. Bouncing from this area and reclaiming the price above the support zone is essential for the potential continuation of MKR's upward movement. However, if MKR fails to do so, the price could continue its downward path, returning to the accumulation zone, and potentially hitting the bottom support of that zone.
by MyCryptoParadise
MKRUSDTBINANCE:MKRUSDT has now faced a strong resistance line after a magnificent bull run that managed to raise the price from $500 to $1,250. It seems that this is the end of the upward movement of this currency. As we can clearly see, the 5 Elliott Waves are beautifully completed. But how far can the price correction continue and where is the best entry point? In my opinion, the range of 1150 to 1200 dollars can be a good entry point, and we can consider the 0.618 Fibonacci line as the target, which shows us the price of 800 dollars. But keep in mind that this is a long-term goal and don't expect a drop of several days to this point. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Short
by Madoir
6
MKRUSDT at monthly resistance, likely to come to monthly supportThe price has hit the confluence of monthly, weekly and daily resistances. It is experiencing the pull back from this resistance. I think this is pretty stromh resistance and has a higher porbability of holding the price for some time. Below this, there is a support level which is again a confluence of monthly, weekly and daily support levels which makes it a very strong support. Any dip to this support zone is for a buy. It is possible that the price visits this support zone. A long is definitely favorable in case the current resistance is broken and the price trades above it for a while.
by angela_altair