🔻 $MKR /USDT – Short Trade Setup Near Channel Resistance! 🚨
$MKR is currently pulling back after testing the upper boundary of a rising parallel channel. Price is showing signs of weakness with consecutive bearish candles, offering a potential short setup if support breaks.
📊 Market Structure:
Rising channel with clean higher highs and higher lows
Price rejected from upper channel resistance
Mid-level support zone being retested
🧠 Key Technical Insights:
Bearish rejection near $1,940 zone
Channel support around $1,895–$1,900 is critical — a breakdown could trigger further downside
Previous resistance-turned-support block around $1,880 as next demand area
🎯 Trade Setup (Short):
Entry Zone: $1,910 – $1,915 (after rejection confirmation)
Target 1: $1,895
Target 2: $1,880
Target 3: $1,860
Stop Loss: $1,935
✅ Pro Tip:
Wait for a clean break and retest of the lower trendline for a high-probability short entry. Watch price action around $1,900 — losing it may confirm the move.
⚠️ MKR losing momentum — short trade looking strong if support cracks! 📉🔻
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