$MKR 🚀 🚀BREAK OUT 🔥 🔥
📊 MKR/USDT Technical Analysis & Strategy
Price: $1683
Volume: $4.16 Million
Trend: Bullish Bias Developing
Symbolic Interpretation:
Maker (MKR) – the governance token of the MakerDAO protocol, symbolizes stability through decentralized control. Often seen as the "anchor" in DeFi during volatile times.
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🎯 Intraday/Short-Term Trading Strategy
Buy Zone: $1660 – $1685
Target 1 (TP1): $1725
Target 2 (TP2): $1775
Stop-Loss (SL): $1635
Risk-Reward Ratio: ~2.1:1
Confidence Level: ⭐⭐⭐⭐☆
🔍 Indicators:
RSI: 58 – room for upside before overbought
MACD: Bullish crossover forming
EMA50 & EMA200: Price rebounding above short-term support
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always DYOR (Do Your Own Research) and trade based on your risk appetite.