$MKR /USDT Short Trade Setup 🔥💯
Entry:
Enter short at $1,600 (upon confirmation of breakdown).
Take Profit Levels (TP):
TP1: $1,580 (minor support zone).
TP2: $1,560 (major demand zone).
Stop Loss (SL):
Place SL above $1,620 to protect against false breakdowns.
Risk/Reward Insight:
This setup presents a favorable risk-reward ratio, particularly if bearish momentum accelerates.
Momentum Analysis:
The 1-hour chart indicates strong bearish pressure as price struggles to sustain higher levels, accompanied by increasing sell volume.
Confirmation Needed:
Wait for a decisive close below $1,600 to confirm the validity of the downward move.
Strategy Alert:
Consider scaling out profits near TP1.
Adjust SL to entry level after TP1 is achieved for a risk-free trade.
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Trade Wisely:
Always prioritize capital protection and trade with discipline.
