🔻 MKR/USDT – 4H Short Setup Alert
Current Price: ~$1,738.5
24H Range: $1,718.5 – $1,758.1
Volume: 4.31K MKR
Trend: Sharp rally cooling off; signs of exhaustion at the top
📉 Short-Term Trade Setup (Reversal Play)
🔹 Entry Zone (Short): $1,760 – $1,790
🔻 TP1: $1,690
🔻 TP2: $1,630
🔻 TP3: $1,560
❌ Stop-Loss:
🔻Above $1,820
📌 Technical Overview:
MKR posted a powerful vertical move from sub-$1,500 to $1,900+, followed by heavy rejection candles near the highs.
4H chart now shows a series of lower highs and strong bearish volume.
Today's candle printed a failed bounce with low body and long upper wick — a sign of distribution and trapped longs.
Support zone at ~$1,690 is key — break = acceleration.
⚠️ Strategy Note:
Momentum is fading. Watch for bearish engulfing or rejection from the $1,770–$1,790 range. If price closes below $1,720 on volume, expect follow-through.
📊 Key Level:
A clean break below $1,690 flips structure bearish. Safer re-entries available on failed retests of this zone.
✅ Signal Summary:
MKR/USDT is reversing from overbought territory. Setup favors tactical short entries for a retracement play toward support clusters.
