$MKR is currently trading near the lower Bollinger Band at 1862.95, indicating potential oversold conditions.

With support at 1850.6, watch for a bounce back or breach for confirmation of further downside.

Volatility is contracting, which may signal a period of consolidation before a breakout.

Consider placing a stop-loss just below support to manage risk.

Given the current conditions, a recommended action is to wait for clearer market direction or set alerts for key levels.