Not sure if the news of owner of MakerDAO selling LDO to buy MKR played a role in this pump but MKR is pumping over a resistance zone (former resistance now that has been passed) and from my point of view, if the daily will close in this way, there are two possible zone where this can stop: that local high and the OB up there. I chose to take in account the overlapping of those two OB.
Off course my reasoning makes sense ifBTC doesn't dump tomorrow. It's currently in a very tight range so anything can happen but I'd expect some green before going lower.
On 1h chart the push upward seems consolidated so at least price will take that high.
Once we see a reversal pattern we can look to open a short position (I'll post updates). I wouldn't long now but once the local high is taken if the signs are good we can take the long.
Good luck
Off course my reasoning makes sense ifBTC doesn't dump tomorrow. It's currently in a very tight range so anything can happen but I'd expect some green before going lower.
On 1h chart the push upward seems consolidated so at least price will take that high.
Once we see a reversal pattern we can look to open a short position (I'll post updates). I wouldn't long now but once the local high is taken if the signs are good we can take the long.
Good luck