$MKR /USDT – BULLISH MOMENTUM REGAINED, TESTING RESISTANCE
CURRENT PRICE: $1,900.0
24h High: $1,914.2
24h Low: $1,773.7
Change: +2.41%
Volume: 5,701 MKR / $10.54M USDT
KEY TECHNICAL LEVELS
Resistance Levels:
$1,914.2 – 24h high and immediate breakout level
$1,950.0 – Key psychological and structural resistance
$2,000.0 – Major round-number resistance
Support Levels:
$1,887.7 – Immediate support
$1,870.8 – Consolidation support
$1,773.7 – Daily low and strong demand zone
TECHNICAL INDICATORS
MA/EMA: Price holding above EMAs → bullish structure
Bollinger Bands: Bands expanding → volatility increasing
MACD: Bullish crossover with histogram expansion → momentum rising
SAR: Dots below price → trend still bullish
Volume: Decent, supporting sustained upside move
TRADE SETUP – LONG POSITION
Entry: Breakout confirmation above $1,914.2
TP1: $1,950.0
TP2: $2,000.0
SL: $1,870.0 (below recent support)
> Alternate Setup: Enter on dip near $1,870–$1,887 with a tight SL and risk-reward advantage
RISK MANAGEMENT
Keep risk to 1–2% of trading capital
Wait for candle close above resistance for confirmation
Use trailing SL after TP1 to lock in gains on strong breakouts
Summary: $MKR/USDT is showing a healthy uptrend, with price pushing toward a key resistance at $1,914.2. Technicals support further upside, and bulls are likely to aim for $1,950–$2,000 if a breakout confirms. Ideal for breakout or dip-buy setups with disciplined risk control.
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