*๐ MKR Bullish Breakout In Play โ Whatโs Next?*
๐ *Current Price:* 2,009.2
๐ *Support:*1,980 (critical level holding the breakout structure)
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๐ฏ Target Levels (TP) & Risk Management:
| Type | Level (USDT) | Commentary |
|------|--------------|------------|
| *SL* | 1,945 | Safe cushion below support in case of a fakeout |
| *TP1* | 2,120 | First resistance zone โ ideal for partial profits |
| *TP2* | 2,168 | Mid-term target if momentum continues |
| *TP3* | 2,312 | Bullish extension target โ high reward zone |
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๐ Technical Analysis:
- *Chart Pattern:* MKR has broken out of a range, showing a clean bullish structure. The breakout occurred on rising volume, indicating strong buyer conviction.
- *Key Support:* 1,980 โ if MKR holds above this, the bulls are in control.
- *Momentum:* MACD and RSI indicators are flipping positive, showing early strength without being overheated.
- *Volume:* Breakout accompanied by increasing volume โ a reliable sign that price action is supported by real demand.
โ
๐ What to Expect:
If MKR stays above1,980 and closes a few candles above 2,000โ2,020, weโll likely see a move to TP1 quickly. Each target after that becomes more aggressive, but entirely realistic in current market conditions โ especially if Bitcoin stays strong.
*Smart Strategy:*
- Take partial profits at TP1.
- Move stop-loss to entry after TP1 hits.
- Let the rest ride toward TP2 and TP3.
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*MKR is waking up. Watch the levels. Trade with patience. ๐ฅ*
#MKR #cryptotrading #Altseason #BreakoutReady ๐ข๐๐ฅ