$MKR If you r thinking of shorting MKR/USDT
Read this before you go
📉 Why Shorting is Viable
1. Bearish Technical Alignment
- MACD: Bearish crossover (DIF: -1.06 | DEA: 0.09 | MACD: -2.29).
- EMA/SMA:All key EMAs (10, 20, 50, 200) are above the price, signaling sustained downtrend.
- RSI (14): 39.1 (neutral but trending downward).
2. Market Sentiment & Liquidity
- Futures Basis:Backwardation (futures < spot) confirms short-term bearish bias.
- Order Book:** Heavy sell walls at $1,234–$1,240; weak bids below $1,230.
- **Liquidation Zones:** Critical support at **$1,222.2** (24h low). A break below could trigger cascading liquidations.
3. **Risk/Reward Setup**
- **Aggressive Entry:** Short near current price ($1,233.6) with tight stop loss.
- **Conservative Entry:** Wait for confirmed breakdown below **$1,222.2** to avoid false rebounds.
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### 🎯 **Short Strategy**
- **Entry Zone:**
- **Aggressive:** $1,230–$1,235 (current resistance).
- **Conservative:** After confirmed break below **$1,222.2**.
- **Targets:**
- $1,200 (psychological level) → $1,180 (next liquidity zone).
- **Stop Loss:**
- **Aggressive:** Above $1,245 (EMA 20 resistance).
- **Conservative:** Above $1,230 if waiting for breakdown.
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### ⚠️ **Key Risks**
- **Oversold Bounce:** Stochastic RSI (K:11.6 | D:11.4) is oversold, which could trigger a short-term rebound.
- **Long Dominance:** 63.4% longs on Binance may defend key support levels temporarily.
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### 📊 **Final Decision**
Shorting is justified** given the bearish momentum, but execution requires precision:
1. Conservative Traders:** Wait for a confirmed breakdown below $1,222.2 to avoid fakeouts.
2. Aggressive Traders:** Enter now with tight stops and scale in on further weakness.
Critical Note: Monitor price action around $1,222.2. A failure to break lower could lead to a squeeze, but a confirmed breakdown opens significant downside.
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**Trade with discipline—stick to your stop loss! #mrkusdt