MKRUSDT is currently exhibiting a bullish trend on the 4-hour timeframe, marked by a recent bullish divergence on the RSI (Relative Strength Index). This divergence suggests a potential shift in momentum favoring the bulls. The price action is further confirms the bullish sentiment with a consistent pattern of higher highs and higher lows.
Based on this analysis, a potential trading opportunity is identified:
Entry: Consider entering a long position at $1367.
Stop Loss (SL): Set the stop loss at $1249 to manage potential downside risk.
For take-profit (TP) levels, three options are available based on different risk-reward ratios:
TP 1 = $1485
TP 2 = $1603
TP 3 = $1721
This trade plan is designed to capitalize on the observed bullish trend and the recent RSI divergence, while prudently managing risk through the placement of a stop loss. It's important to stay informed, monitor the trade closely, and be prepared to adjust your approach based on evolving market conditions
Based on this analysis, a potential trading opportunity is identified:
Entry: Consider entering a long position at $1367.
Stop Loss (SL): Set the stop loss at $1249 to manage potential downside risk.
For take-profit (TP) levels, three options are available based on different risk-reward ratios:
TP 1 = $1485
TP 2 = $1603
TP 3 = $1721
This trade plan is designed to capitalize on the observed bullish trend and the recent RSI divergence, while prudently managing risk through the placement of a stop loss. It's important to stay informed, monitor the trade closely, and be prepared to adjust your approach based on evolving market conditions
Trade active:
TP 1 HIT 🎯
Trade closed: target reached:
ALL TPS HIT 🎯 🎯 🎯 🎯