$MKR Ready for a Breakout? Key Levels to Watch for a Big Move!
Market Trend & Trade Setup
$MKR is currently consolidating after a strong uptrend. The price is hovering around $1,428, with support at $1,400 and resistance at $1,452. Bollinger Bands are tightening, indicating a possible breakout soon. If bullish momentum builds, we could see an upward move toward $1,480.
Trade Signal
Entry: $1,425 – $1,430
Stop Loss: $1,400
Take Profit 1: $1,450
Take Profit 2: $1,470
Take Profit 3: $1,490
Take Profit 4: $1,520
Why This Trade?
The price is testing the midline of the Bollinger Bands.
A successful hold above $1,426 could trigger further upside.
Volume needs to increase for confirmation of the breakout.
Support & Resistance Levels
Support: $1,400, $1,380
Resistance: $1,452, $1,480, $1,520
Market Update for $MKR
$MKR is trading at $1,428 (+0.42%). It is currently in a consolidation phase, and a breakout above $1,452 could push it towards new highs. Watch for volume confirmation to enter the trade.
