MKRUSDT.PS trade ideas
🆓Maker/USDT Analysis (25/3) #MKR $MKRMKR has a good support at 1800$ zone, if it can hold this support, it will move up to 2600$ and even 3400$ zone in April.
But if MKR loses this zone, it will continue to dump to 1400$ or 1200$ in the next few days.
We must pay attention to this 1800$ zone in this moment
📅EVENTS
👉Mar 30 : SolarX Vote Ends
📈BUY
-Buy: 1750-1850$. SL if B
📉SELL
-Sell: 2550-2650$. SL if A
-Sell: 3350-3450$. SL if A
♻️BACK-UP
-Sell: 1750-1850$ if B. SL if A
-Buy: 1350-1450$ if A. SL if B
-Buy: 1150-1250$ if A. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
⚡️⚡️ #MKR/USDTPERP ⚡️⚡️ Potential 11.99%⚡️⚡️ #MKR/USDTPERP ⚡️⚡️ Potential 11.99%
Exchanges: Binance
Signal Type: Regular (Long)
Leverage: 2X
Entry Zone: 2021 - 2119
Take-Profit Targets:
1) 1925
2) 1778
Stop Targets:
1) 2243
***NOT FINANCIAL ADVICE– The Information on this chart is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.
You understand that you are using any and all Information available here at your own risk.
RISK STATEMENT– The trading of Cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
a trading channel on makertest purpose please do u own research before entering this trade. still trying to learn new things in the trading world here is one of my first TA.
a small trading channel on maker for short period. I see an opportunity to take a short on the way down if the trend holds.
if the channel holds his support at the bottom I am going to take a long to the upper trend line of the channel with some tp's the way up to minimize the risk.
please leave some support down for some feedback.
MKR// Ascending TriangleMKR has been slowly but surly climbing up on its trend line and finding resistance at the 38% level. Price has printed an Ascending triangle.
MKR has been riding the BTC momentum and withstanding the dips holding its main areas of support.
What I expect to happen is, when BTC creates new ATHs, MKR will likely follow with momentum, breaking the key resistance level and find support. The safest way to trade these triangles is to wait for the retest of the zone, or attempt to find an entry on the pullback after the break of the resistance.
If you've paid attention to any ALTs this week or some of the ALTs I've posted youll realize that IMO, some of these tokens are being pumped/manipulated in one way or another. Therefore, when trading, it is best to always use a stop-loss, and then protect your downside, meaning take your profit as you go, or set your SL above breakeven.
Let me hear your thoughts!
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...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
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.