$MKR – SHORT TRADE SIGNAL🔴
Major rejection below $1,853 resistance ⚠️
Bearish structure forming after lower high 📉
MKR faced rejection from a key lower high zone at $1,852, failing to break above resistance. Price is now struggling to maintain bullish momentum, forming a potential reversal setup. A breakdown below $1,830 could trigger fresh downside movement toward previous demand zones.
Trade Setup:
• Entry Point: $1,830 – $1,842
• Stop Loss: $1,853
• Take Profit:
– TP1: $1,822
– TP2: $1,805
– TP3: $1,790
• Margin: 2–3%
• Leverage: 10x
Market Outlook:
Weak bullish attempt met with rejection. As long as $1,853 holds, downside pressure may accelerate. Watch for a drop toward the $1,790 zone.
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