๐จ $MKR /BTC โ Bull Run Brewing or Topping Out? ๐ง ๐
$MKR just hit resistance near 0.01587 and is pulling back to support levels. With RSI in overbought territory, is a breakout coming or are sellers moving in? Letโs analyze:
๐ Market Overview
๐ Current Price: 0.01543 BTC
๐ 24h High: 0.01587
โ๏ธ 24h Low: 0.01511
๐ MA(7): 0.01540
๐ MA(25): 0.01534
๐ MA(99): 0.01591
๐ RSI (6): 70.57 (Overbought zone)
๐ 24h Volume: 377.87 MKR (~5.79 BTC)
๐ MACD / SAR: Not fully shown, but price nearing trend resistance
โ ๏ธ RSI above 70 = caution for reversal or consolidation.
๐ MKR Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If MKR Holds Above 0.01540):
Entry: Above 0.01550
Targets: 0.01604, 0.01655, 0.01707+
Stop-Loss: 0.01500
๐น Bearish Scenario (If MKR Breaks Below 0.01530):
Entry: Below 0.01530
Targets: 0.01500, 0.01450
Stop-Loss: 0.01570
๐ Should You Hold or Sell?
โ Price is testing MA cluster support at 0.01540 = pivot zone
โ Overbought RSI can stay elevated in strong trendsโbut volume must back it!
๐ซ Failure to hold 0.01530 = bearish reversal warning
๐ก Pro Tip:
๐ If MKR reclaims 0.01587 with strong volume, 0.01723 could be next!
โ ๏ธ Watch RSI + volume divergenceโif RSI stays high but volume drops, exit quick.
๐ข Are you loading MKR or locking profits? Let's talk setups! ๐ฃ๏ธ
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