$MKR /USDT – 4H Trade Setup
Market Insight:
$MKR has surged +8.5% in the last 24H, breaking through key resistance levels. Price is trading above all key moving averages (MA 7, 25, 99), signaling bullish momentum. A continuation move is likely if volume holds.
🔹 Entry Zone:
$2,040 – $2,080
(Mild retracement zone toward MA(7) support)
🎯 Targets:
Target 1: $2,191
Target 2: $2,267 (24H high)
Target 3: $2,375 – psychological extension/fib projection
🛑 Stop Loss:
$1,940
(Below MA(25) and last key support cluster)
📊 Key Levels:
Support: $1,940 / $1,898 / $1,823
Resistance: $2,191 / $2,267 / $2,375
Pivot Zone: $2,093 – current mid-range structure
💡 Pro Tip:
If the price consolidates above $2,100 with increasing volume, consider riding the trend to $2,375. Use trailing stop after $2,267 breakout. Watch BTC and ETH movements to confirm macro sentiment.
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