💥$MKR /USDT Is in Consolidation Mode🔥
🌟Current Price: 1,489 USDT (+2.13%)
🌟24-Hour High: 1,532 USDT (Resistance)
🌟24-Hour Low: 1,442 USDT (Support)
Volume (24H):
🌟MKR: 4,657.02
🌟USDT: 6.94M
⚡MKR shows strong bullish signs, nearing its key resistance zone around 1,532 USDT — a pivotal level for potential breakout or rejection.
⚡Technical Indicators 🔎
Resistance Zone: 1,532 USDT — a breakout above could trigger further bullish continuation.
Support Zone: 1,442 USDT — holding this level keeps the bullish structure intact.
⚡Indicators Review:
RSI: Neutral leaning, allowing flexibility for either a bullish breakout or bearish pullback.
MACD & Bollinger Bands: Suggest growing volatility — prime conditions for sharp moves.
⚡Trading Setup 📝
🎖️Bullish Scenario (Breakout Trade)
👉Entry: Above 1,500 USDT (confirmed by volume surge)
👇Take-Profit Targets:
🎯TP1: 1,520 USDT
🎯TP2: 1,540 USDT
💢Stop Loss: Below 1,480 USDT
🎖️Bearish Scenario (Pullback Setup)
👉Entry: Below 1,480 USDT (confirmed weakness)
👇Take-Profit Targets:
🎯TP1: 1,460 USDT
🎯TP2: 1,440 USDT
💢Stop Loss: Above 1,500 USDT
⚡Risk Management Tips ⚠️
After reaching TP1, move Stop Loss to Breakeven to protect profits.
Manage trade size carefully — prioritize capital preservation during volatile periods.
⚡Key Takeaways ✍️
Watch the 1,532 USDT resistance for a strong bullish breakout.
Confirm moves with volume increases to avoid false breakouts or breakdowns.
Maintain a disciplined, reactive trading plan to adapt to market volatility.
Disclaimer: #DYOR*
Buy Or Trade With Me On $MKR
