#AltcoinBreakout
Alert: Bearish Breakdown in Play – Here’s How to Trade It! 📉**
**$MKR** just got **rejected hard** at **$2,263** and is now sliding on lower timeframes. Red candles everywhere—**bearish momentum is building.** If you're eyeing a short, here’s the game plan. 👇
### **📉 The Breakdown: What’s Happening?**
- **Price Action:** Rejected at **$2,263**, now breaking down.
- **Trend:** Lower highs & lower lows = **downtrend confirmed.**
- **Key Levels:** Watching **$2,015–$2,025** for potential short entries.
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### **🎯 Short Trade Setup (For Aggressive Traders)**
**🔹 Entry Zone:** **$2,015 – $2,025** (Wait for weak bounces into resistance)
**🎯 Targets:**
- **T1:** **$1,975** (Quick scalp)
- **T2:** **$1,870** (Mid-term swing)
- **T3:** **$1,800** (If full bearish momentum kicks in)
**⛔ Stop Loss:** **$2,080** (Above recent swing high)
**💡 Pro Tip:** Don’t chase! Wait for **weak rebounds** toward resistance for higher-probability entries.
### **📊 Why This Could Work**
- **Lower timeframe structure is bearish.**
- **Volume supports downside continuation.**
- **If BTC stays shaky, alts like MKR could keep bleeding.**
### **⚠️ Risk Warning**
- **If MKR reclaims $2,080**, the bearish thesis weakens.
- **Watch Bitcoin’s movement**—if BTC pumps, MKR could fake out.
### **🤔 Your Move…**
👉 **Are you shorting $MKR here, or waiting for more confirmation?**
👉 **Where do you see mkr heading next?**
**Drop your thoughts below!** 🚀
### **❓ FAQ: MKR Short Trade**
**Q: Why is $MKR dropping?**
A: Rejection at key resistance + broader altcoin weakness.
**Q: What if Bitcoin pumps?**
A: Alts could rebound—watch **$BTC’s price action** closely.
**Q: Is this a long-term bearish trend?**
A: Too early to say, but **lower timeframe momentum favors shorts.**
