$MKR /USDT BEARISH BREAKDOWN IMMINENT ⚠️📉
The market structure for $MKR/USDT is showing signs of weakness after a rejection from the 24h high of $1,868, currently trading at $1,766 (-0.34%). Price action is leaning bearish in the short term with fading momentum and lower highs forming on the chart.
🔍 KEY LEVELS TO WATCH
📌 Resistance: $1,800 / $1,868
📌 Support: $1,740 / $1,693 (critical zone)
📉 Current Price: $1,766
💣 TRADE SETUP – SHORT ENTRY
🔽 Entry: $1,760 – $1,770
🎯 Targets (TP):
TP1: $1,740
TP2: $1,710
TP3: $1,693
🛑 Stop Loss (SL): $1,805
📊 RISK MANAGEMENT
Risk only 1-2% of your capital per trade. Stick to your SL, and don’t chase entries. Wait for a clean breakdown or rejection near resistance zones before entering.
🚨 Trend is your friend — until it bends! Trade wisely. 🔻📉
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