💎 MKR has recently encountered notable market dynamics, experiencing a significant rejection at a strong resistance area.
💎 There is potential for MKR to undergo a backtest on the demand area around $2530. If MKR shows positive signs in the demand zone, such as bullish candle rejections, it could bounce back upward and retest the strong resistance area.
💎...
BINANCE:MKRUSDT Short idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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BINANCE:MKRUSDT IDEA
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
12h time frame
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We've been talking about MKR since July 14th. Now it broke the bullish flag(yellow arrow), which is a strong sign. Currently MKR is retesting this flag, and here is also the support of uptrend line. According to previous perspective and analysis(ref.1 and ref.2), MKR has higher target over 1800. Therefore, here is a good position to set trading...
12h time frame
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MKR is on the way to build 5 waves, already completed 3 waves from 500~1590. The most important thing here is where is the end of 4th wave(correction wave). According to structural support and 0.382 Fibonacci Retracement, 1350 is the potential end of 4th wave, also will be the start of 5th wave(final pumping wave), which target is 1800~2000....
4h time frame
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MKR creating a rising channel also can be regarded as bearish flag.
According to fibonacci retracement and structural support, the target could be set at 1160.
This trading plan has 2.5 risk to reward ratio.
TP: 1160
SL: 1332
Buyer's area from where there was a 1000% increase last year
Someone is neatly absorbing all the sales and not letting them get near the $600 level
Price a clamping down in a flat bottom triangle.
if price made A break down move i will open a short. A breakup of the blue trend line i will open a long position. Tomorrow's daily will decide what a position I...
🟢 MKRUSDT
TF: 1W
Side: Long
SL: $581.45
Leverage: 5x
TP 1: $1,036.04
TP 2: $1,317.26
TP 3: $1,544.55
MKR is about to give a buy signal on the weekly chart!
Buy and hold for the next few months on spot with 5x maximum leverage.
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Everything on the chart.
Globally we're in wave of (IV).
Waiting for an upward movement either from the current price, or through a some update of the last low.
It all depends on btc, if btc will formed global triangle then yellow option,
if on bitcoin we get a...
