🔻 $MKR /USDT – Bearish Setup Brewing! Time to Strike? ⚠️
$MKR just got rejected hard at the top of its rising channel — and the signs are stacking up for a potential short opportunity.
After tagging the upper trendline near $1,940, the price has flipped into reverse gear with a string of bearish candles. Momentum is fading fast, and the bulls are starting to slip.
📉 Market Snapshot:
Clean uptrend within a rising channel
Price smacked down at channel resistance
Key support around $1,900 is under pressure
🔍 Technical Breakdown:
Heavy rejection at $1,940 zone
All eyes on the $1,895–$1,900 support — a break could open the floodgates
If $1,880 fails to hold, next stop might be $1,860
🎯 Short Setup:
Entry Range: $1,910 – $1,915 (watch for rejection confirmation)
Target 1: $1,895
Target 2: $1,880
Target 3: $1,860
Stop Loss: $1,935
💡 Pro Tip: Let the structure break and confirm with a retest before diving in. A clean rejection + volume pickup = strong short edge.
Momentum is slipping… and if $MKR breaks $1,900, it could unravel fast. Be ready to pounce. 🐻💥
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