$MKR is currently trading at $2,076, and warning signs are flashing red after a strong rejection from the $2,190 resistance zone. The chart has confirmed a double top formation, a classic bearish reversal pattern — and momentum is quickly fading.
🔻 4H Short Setup in Play:
Entry Zone:$2,060 – $2,075
Target 1:$2,010
Target 2:$1,960
Target 3:** $1,890
Stop Loss: $2,120
📉 Market Breakdown:
The double top near $2,190 is holding firm, and bearish divergence on the RSI confirms weakening buyer pressure. Price is starting to roll over, and if the critical level of $2,030 breaks, a flush below $2,000 becomes highly likely.
This zone is crucial — failure to hold could spark a fast drop, accelerating the current downtrend.
🧠 Pro Tip: Don’t chase longs here. Wait for confirmation. Momentum is fading fast, and smart traders are looking at short .opportunities as the trend shifts.
Stay alert, manage risk, and trade with a plan.
