Bullish Breakout Setup – $MKR /USDT

📍 Token: $MKR (MakerDAO)

Short Liquidation Detected: $54.73K at $1,843.90 — bears caught off guard, indicating strong bullish pressure and potential for breakout continuation.

Market Insight

A sizeable short liquidation near $1,843 confirms seller exhaustion and may act as fuel for the next bullish impulse. MKR has reclaimed key levels with conviction, and price is consolidating above liquidation range — a classic sign of strength building.

Trade Setup

Entry Zones:

Retest Entry: $1,845 – $1,860 (ideal on dip toward former resistance)

Breakout Entry: Above $1,888 with sustained volume

Stop-Loss:

🔻 Below $1,820 – under liquidation level and structural support

Target Levels:

🎯 Target 1: $1,920

🎯 Target 2: $1,975

🎯 Target 3: $2,045 – psychological and technical resistance

Key Technical Zones

Support: $1,820 / $1,843

Breakout Confirmation: $1,888

Major Resistance: $2,045

Market Sentiment

The sharp liquidation of shorts suggests growing bullish dominance. MKR has seen rising interest and strong defense of higher lows — positioning it well for a breakout continuation if $1,888 is breached with volume.

📍 Next Move

Look for a decisive close above $1,888. Traders can scale in on the retest of breakout or breakout confirmation.

Momentum and swing setups both favor bullish continuation toward $2K+.

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