📈 Trade Setup Analysis (MKR/USDT – 1D, Binance)
Pattern / Price Action:
The chart shows MKR/USDT trading at 1,597.4, which is below the key moving averages (MA 25: 1819.3, MA 99: 1883.2) but above the short-term MA 7 (1601.8). This indicates a potential bearish trend or a pullback within a larger context. The price is currently testing the MA 7 level, which may act as dynamic support. The volume SMA 9 is 5.897K, which is moderate but not exceptionally high, suggesting a lack of strong momentum in either direction at the moment.
🎯 Suggested Trade Plan
Entry Zone: Around 1,597.4 USDT (current market price).
Stop-Loss (SL): Set at 1,550.0 USDT (below recent support and to account for volatility).
Target Levels (TP):
TP1: 1,700.0 USDT (initial resistance near MA 25)
TP2: 1,800.0 USDT (next resistance near MA 99)
TP3: 1,900.0 USDT (extended target if bullish reversal occurs)
⚖️ Risk-to-Reward Ratio (RRR)
Entry: 1,597.4
Stop-Loss: 1,550.0 → risk = 47.4
TP1 (1,700.0): reward = 102.6 → RRR ≈ 2.16 : 1
TP2 (1,800.0): reward = 202.6 → RRR ≈ 4.27 : 1
TP3 (1,900.0): reward = 302.6 → RRR ≈ 6.38 : 1
📊 Probability of Success
Bullish Factors: Price is above MA 7, which might provide short-term support. A bounce from here could lead to a test of higher MAs.
Risks: Trading below MA 25 and MA 99 indicates bearish pressure. Lack of strong volume suggests low conviction. A break below MA 7 could lead to further downside.
👉 Estimated Probability:
60% chance of hitting TP1.
40% chance of reaching TP2.
25% chance of achieving TP3.
✅ Summary:
This trade attempts to capitalize on a potential bounce from the MA 7 support level. However, the overall trend appears bearish given the price position below key moving averages. Suggested stop-loss at 1,550.0 USDT, with targets at 1,700.0 → 1,800.0 → 1,900.0. The risk-to-reward ratio is favorable for TP2 and TP3, but the probability of success is moderate due to the bearish context. Trade with caution and monitor for any shift in momentum.
