#MKR/USDT 4h (ByBit) Ascending wedge on resistance

Maker is up-trending for a month but printed 3 shooting stars in a row, looks likely to retrace down to 100EMA support.

⚡️⚡️ #MKR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%

Current Price:
1270.0

Entry Zone:
1285.0 - 1340.0

Take-Profit Targets:
1) 1186.0
2) 1091.0
3) 996.5

Stop Targets:
1) 1418.0

Published By: @TradingOn

MKR #MKRUSDT #Maker #DAO #DeFi

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.2% | +84.4% | +120.4%
Possible Loss= -40.2%
Estimated Gaintime= 1-2 weeks

makerdao.com/

Trade active:

ByBit USDT, Binance Futures
#MKR/USDT Entered entry zone ✅
Period: 1 Days 2 Hours 44 Minutes ⏰

MKR filled all entries and got rejected again, forming a gravestone doji this time, looks locally topped.

Trade closed: target reached:

Binance Futures, ByBit USDT
#MKR/USDT Take-Profit target 1 ✅
Profit: 48.1905% 📈
Period: 7 Days 1 Hours 41 Minutes ⏰

🎯TP hit with +1.2R

MKR going down as planned, seems about to lose 100EMA support, SL adjusted above entry in any case.

Trade closed: target reached:

Binance Futures, ByBit USDT
#MKR/USDT All take-profit targets achieved 😎
Profit: 93.3492% 📈
Period: 17 Days 7 Hours 41 Minutes ⏰

⚡️⚡️ #MKR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%

Entry Zone:
1285.0 - 1340.0 ✅

Take-Profit Targets:
1) 1186.0 ✅
2) 1091.0 ✅
3) 996.5 ✅

Published By: @Zblaba

🎯#MKRUSDT 4h (#ByBit) TP3 reached with +3.0R

MKR went for final target on that wick down, trade is fully closed, great short it was!
Now it's forming a falling broadening wedge, a bullish breakout would send it back up to 200MA.