MKR SHORTI have been a big fan of MKR USDT this year. The coin has had a pretty impressive run from $2500 up to $6300 as of recent. This last upsurge has lasted several days without any significant retest of key resistance / support levels. I am short term shorting MKR. Target prices are levels indicated with orange dashed line. Shorting hopefully down to the $5555 level before testing the $5500 liquidity zone.
MKRUSDT.PS trade ideas
mkrusdtUpdate. Previous goals have been successfully achieved. Now here are the following entry areas. And also the following goals.
This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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MKR hits target of 5670MKR has just been printing money laterly. Creators of DAI and the Collateralized Dept Position platform for ERC20. One of the lowest supplies in a gov token. Which is why it's no surprise it flipped Ether.
Possible short already under way, we'll see how this plays into the next 4hr.
mkrusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea by clicking the like button and expressing your opinion in the comment box
Money MAKERMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 5760 and even higher. MKR been money maker lately (see related idea), so I hope this ATM🏧 is still working! There are 2 different SLs, one tight, one wide. I will split the position into two (equal size) and will go with both SLs.
ENTRY : local high @ 4151
SL1 : local low @ 3934
SL2 : local low @ 3568
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL1) @ 5760
RRR with SL1 : 7.4
RRR with SL2 : 2.75
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
MKR The Dominator Of The DEFI CategoryMKR price traded at $4786 with a gain of 35.83% in the last 24-hour. Furthermore, MKR price is in a continuous uptrend and testing the resistance of $4970. In contrast, the market capitalization stands at $4.69 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $4970 in future trading sessions.
Resistance: $4970
Support: $2866