🚀 $MKR /USDT BULLISH BREAKOUT FROM DOWNTREND – TARGETING $1802 NEXT!
$MKR has broken cleanly above the descending trendline resistance and reclaimed the key support zone near $1747. With bullish momentum building and price currently trading at $1764, the breakout is gaining strength and eyeing higher levels.
Trade Setup (LONG):
Entry Price: $1750 – $1765
Target 1: $1790
Target 2: $1802
Stop Loss: $1721
Why Long?
After consolidating in a tight range near the base support, $MKR triggered a breakout above trendline resistance with strong bullish candles. The reclaimed zone around $1747 adds confluence as a support-turned-launchpad, and momentum is now favoring a continuation toward $1800+ levels.
Risk Management Tip:
Set SL at $1721 and reduce risk if price retests $1750 with weakness. Once TP1 is hit, trail your SL to entry and lock in gains.
Buy and Trade here on $MKR
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