$MKR /USDT – Bearish Market Consolidation!

Momentum Analysis:

MKR/USDT is showing a bearish trend with a 5.28% drop, currently trading at $1,398, near its 24h low of $1,342. The price is consolidating in a tight range, indicating a potential continuation of the bearish momentum unless key support levels are held.

Long Setup:

Entry Zone: $1,400 (Current Price)

Target 1 (T1): $1,433

Target 2 (T2): $1,466

Target 3 (T3): $1,499

Stop Loss: $1,342 (24h Low)

Breakout Confirmation Level & Key Support:

Breakout Confirmation: $1,433 (Key Resistance)

Key Support: $1,342 (24h Low)

Pro Tip for Traders:

Watch for price action around $1,342. If it breaks below, the bearish trend could accelerate. However, if support holds, there may be a rebound towards $1,433 or higher.

Relevant Hashtags: #MKR #USDT #DeFi #CryptoTrading #BearishMarket