$MKR

USDT (Perpetual Contract)

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📊 Market Overview: MKR/USDT Perp

Last Price: $1,820.4

24h High / Low: $1,954.8 / $1,808.6

24h Volume (MKR): 30,888.744

24h Volume (USDT): $58.45M

Mark Price: $1,819.5

Price Change (24h): -3.26%

Support/Resistance Zones (from order book depth):

Resistance: $1,964.7 / $1,996.7 / $2,006.2

Support: $1,840.6 / $1,808.6 / $1,799.1

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🧠 NEIRO Trade Setup (Short-Term – 15m to 4h)

🔹 Bias: Short-term Bearish → Potential for bounce at support

> Reason: Price near 24h low and below both MA(5) and MA(10); volume declining slightly, indicating possible local bottom near.

🔸 Key Levels:

Entry (Long): $1,808 – $1,815 (watch for bounce signal)

Stop Loss: $1,790 (below recent support)

Take Profit 1: $1,840

Take Profit 2: $1,882

Optional TP3 (if strength continues): $1,923

> Risk/Reward: ~1:2 or better depending on entry

⚠️ Invalidation (Short Continuation):

If price breaks and closes below $1,799 with strong volume, consider flipping short:

Short Entry: ~$1,795

Stop Loss: ~$1,815

Target: $1,765, then $1,740

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🛠️ Indicators:

MA(5): 1,217.659

MA(10): 1,359.923

> Both are significantly below current price → possibly a data issue. Normally, MAs should be closer. If this is true, ignore them and focus on price action and volume.

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🔍 Trade Plan Summary:

Direction Entry Stop Loss Targets Notes

Long 1,808–1,815 1,790 1,840 / 1,882 / 1,923 Bounce play at support

Short Below 1,799 1,815 1,765 / 1,740 If breakdown confirmed

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