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behdark
Sep 13, 2023 8:55 AM

MKR ANALYSIS (4H TF) 

MKR / TetherUSBinance

Description

After the downward ch on the chart, it is pulling back towards the order block to collect orders. We are looking for sell/short positions in the red box
I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry
I also specified the invalidation level, closing 1 daily candle above this level will violate the analysis
Comment if you have any questions
Thank You
Comments
pejman_zwin
What a thoughtful post. Glad I spent my time reading this post. Good luck.👍
CryptoCheck-
Likely scenario, thank you.
Solldy
The description is not the most complete, but the schedule itself is very good. Did you consider any news when building the chart?
Tolberti
I like the graphics and style that you put into this analysis!
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