#FedWatch This analysis indicates a bullish rebound and strong upside potential for MKR/USDT. If you are trading, consider the following key points:
Key Highlights:
Current Price: $1,311 (+7.72%)
24H High: $1,360
24H Low: $1,211
Support & Resistance Levels:
Support Zone: $1,270 - $1,290 (Holding this level is crucial to maintain a bullish structure)
Resistance Zone: $1,320 - $1,350 (A breakout above this could lead to further upside)
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Trading Strategy:
1️⃣ Breakout Trade:
✅ Entry Zone: $1,320+ (Confirmation above resistance)
🎯 Take Profit Targets:
TP1: $1,350
TP2: $1,380+
🛑 Stop Loss: Below $1,290
2️⃣ Pullback Buy Setup:
✅ Entry Zone: $1,280 - $1,300 (Retest of support before another upward move)
🎯 Take Profit Targets:
TP1: $1,320
TP2: $1,340+
🛑 Stop Loss: Below $1,260
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Market Sentiment:
A strong rebound from recent lows indicates renewed bullish momentum.
If $1,320 resistance is broken, an accelerated move to $1,380+ is likely.
A pullback could provide a better entry point, but maintaining stop loss is crucial.
Pro Tip:
Monitor trading volume—if volume surges during a breakout, it confirms momentum, making it a high-probability trade!