$MKR Liquidation Alert: Bears Just Took a Hit
Technical Analysis
Current Price Zone: $1,970–$2,00
This zone is now a high-interest area, acting as a new support post-liquidation. Price reclaiming this level could hint at renewed bullish momentum.
Buy Zone (Accumulation Area)
$1995 – $2030
This range is ideal for strategic entries. If MKR retests this zone with strong volume hold, buyers may step in for the next leg up.
Upside Targets
Target 1: $2145 – Short-term resistance
Target 2: $2210 – High probability zone from last rejection
Target 3: $2315 – Macro level breakout target
Stop-Loss Level
$1970
A clean invalidation point below structure. If MKR breaks below this, the bullish thesis weakens, and downside pressure may resume.
A short liquidation of $4,106.9 was triggered at $2054, signaling aggressive resistance from bulls in the MKR market. The sudden squeeze shows that bears overplayed their hand — and now the market could be gearing up for a strong upside continuation.
Conclusion
$MKR just flashed a strong bullish signal with a forced short liquidation at a key level. If bulls maintain control above $2050, we could see a fast push toward the next resistance levels. However, always manage risk carefully — volatility is likely to remain high.
⚙️ॐ Risk: Use proper risk management — 3x–5x leverage recommended☀️
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