🔻 $MKR /USDT – Short Trade Setup Near Channel Resistance! 🚨

$MKR is currently pulling back after testing the upper boundary of a rising parallel channel. Price is showing signs of weakness with consecutive bearish candles, offering a potential short setup if support breaks.

📊 Market Structure:

Rising channel with clean higher highs and higher lows

Price rejected from upper channel resistance

Mid-level support zone being retested

🧠 Key Technical Insights:

Bearish rejection near $1,940 zone

Channel support around $1,895–$1,900 is critical — a breakdown could trigger further downside

Previous resistance-turned-support block around $1,880 as next demand area

🎯 Trade Setup (Short):

Entry Zone: $1,910 – $1,915 (after rejection confirmation)

Target 1: $1,895

Target 2: $1,880

Target 3: $1,860

Stop Loss: $1,935

✅ Pro Tip:

Wait for a clean break and retest of the lower trendline for a high-probability short entry. Watch price action around $1,900 — losing it may confirm the move.

⚠️ MKR losing momentum — short trade looking strong if support cracks! 📉🔻

$MKR

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