Coin Name: $MKR
Position: Short
Entry Price: 1,666
On the 15-minute time frame, MKR is trading within a descending channel. The RSI is approaching the supply zone, suggesting potential short-term resistance. Currently, MKR is testing the lower trendline and appears to be heading toward the upper boundary of the channel. If it fails to break out, a move to the downside could follow.
MKR is currently surrounded by significant liquidity on both sides. It's likely to first push upward to sweep the liquidity above, followed by a potential move downward to target the liquidity resting below.
Leverage: 3X
Targets:
1st TP 1,640
2nd TP 1,610
3rd TP 1,580
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$MKR