$MKR
USDT – Cautionary Long Setup
Current Price: $1,783.30
Status: ⚠️ Redenomination/Suspension incoming on Sept 15, 2025, 08:00 UTC+5
⚙️ Futures Trade Setup (Short-Term Swing – Long Bias)
Entry Zone:
✅ $1,775 – $1,785 (around MA60, tight consolidation range)
Targets:
🎯 Target 1: $1,811 (24h high, immediate resistance)
🎯 Target 2: $1,850 (upper range if volume picks up)
🎯 Target 3: $1,900 (gap fill to previous sell-off)
🛑 Stop Loss:
Below $1,750 (loss of structure, pre-event volatility zone)
📊 Technical Summary:
Metric Value
MA60 $1,781.80
24h High / Low $1,811.00 / $1,701.70
24h Vol (MKR) 6,667.88
24h Vol (USDT) $11.73M
Price Position 🔄 Sitting near MA60, slight breakout
MACD / RSI / KDJ ✅ Bullish momentum brewing (short term)
⚠️ Important Notes on Redenomination Event:
🔔 Redenomination/Suspension Date: Sept 15, 2025 – 08:00 (UTC+5)
This can cause:
High volatility
Liquidity drops
Widened spreads
Possible price distortion pre/post event
Consider closing open positions well before suspension.
🧠 Trade Summary
Parameter Value
Setup Type Event-based short-term swing
Bias Bullish (Momentum + Recovery)
Entry Zone $1,775 – $1,785
Targets $1,811 → $1,850 → $1,900
Stop Loss <$1,750
Risk Level ⚠️ Medium–High (due to event risk)
Timeframe 2–5 days max pre-event
✅ Strategy Recommendation
Only experienced traders should engage until Sept 15.
Reduce size or stay flat post-Sept 13 to avoid slippage or sudden suspensions.
Use tight stops and quick TP approach if scalping.