$MKR Breakdown or Breakout Brewing? Key Zone in Focus!

MKR is trading at $1,965, slightly down -1.32%, yet showing signs of stabilization after a sharp drop. The price is consolidating in a tight range, hinting at a potential breakout or further downside.

Key Levels to Watch

• Resistance Zones:

• $1,980 – Intraday resistance cap

• $2,000 – Strong breakout level

• $2,040 – Momentum confirmation zone

• Support Zones:

• $1,960 – Immediate floor

• $1,945 – Structural demand area

• $1,935 – Breakout invalidation level

Trade Setup

• Long Setup (Breakout Play):

• Entry: Above $1,980

• TP1: $2,000

• TP2: $2,020

• TP3: $2,040

• SL: Below $1,945

• Short Setup (Breakdown Play):

• Entry: Below $1,960

• TP1: $1,945

• TP2: $1,935

• TP3: $1,920

• SL: Above $1,980

MKR is coiling tightly between key zones. A decisive move above $1,980 could trigger a bullish rally, but if $1,960 breaks, more downside pressure is expected.

Let price lead the way – breakout confirmation or rejection will define the direction.

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