MKRUSDT.P Can we only see one good day here? :') this coin is way way too behind getting out performed by shittiest coins at this point! no one bothers to put comments about it on any website and people are losing hope on it! just do sth ffs! you did that impossible thing by not following up the break out but now it's actually hitting the bottom, ik i should give up on this one like other people too but like seriously come on any good sign at all?
MKR is about to break through a key resistance level at $2969. RSI is coming out of the overbought zone, indicating that a price correction is unlikely. MACD shows that the strong uptrend is still in place. Recent news is also positive:
Coinbase Custody will support the MKR token. Grayscale Investments has added another 25,000 MKR to its portfolio. The MakerDAO protocol is developing a solution for the DAI stablecoin with Bitcoin collateral. All of these factors indicate that MKR has strong potential for growth in the short term.
Entry point:
Buy if the price breaks above $2969 and stabilizes above this level Stop-loss: $2763 Target: Determine your risk tolerance before setting a target. Note:
Do your own research and use a proper risk management strategy before entering any trade. Are you ready to enter the trade?
This analysis is for informational purposes only and should not be considered as trading advice. Always do your own research and consult with a financial advisor before making any investment decisions.