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$MKR /BTC – Bull Run Brewing or Topping Out? 🧠📉
$MKR just hit resistance near 0.01587 and is pulling back to support levels. With RSI in overbought territory, is a breakout coming or are sellers moving in? Let’s analyze:
📊 Market Overview
📍 Current Price: 0.01543 BTC
📈 24h High: 0.01587
❄️ 24h Low: 0.01511
📊 MA(7): 0.01540
📊 MA(25): 0.01534
📊 MA(99): 0.01591
📉 RSI (6): 70.57 (Overbought zone)
📊 24h Volume: 377.87 MKR (~5.79 BTC)
📈 MACD / SAR: Not fully shown, but price nearing trend resistance
⚠️ RSI above 70 = caution for reversal or consolidation.
📈 MKR Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If MKR Holds Above 0.01540):
Entry: Above 0.01550
Targets: 0.01604, 0.01655, 0.01707+
Stop-Loss: 0.01500
🔹 Bearish Scenario (If MKR Breaks Below 0.01530):
Entry: Below 0.01530
Targets: 0.01500, 0.01450
Stop-Loss: 0.01570
🔍 Should You Hold or Sell?
✅ Price is testing MA cluster support at 0.01540 = pivot zone
✅ Overbought RSI can stay elevated in strong trends—but volume must back it!
🚫 Failure to hold 0.01530 = bearish reversal warning
💡 Pro Tip:
📌 If MKR reclaims 0.01587 with strong volume, 0.01723 could be next!
⚠️ Watch RSI + volume divergence—if RSI stays high but volume drops, exit quick.
📢 Are you loading MKR or locking profits? Let's talk setups! 🗣️
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$MKR #MKR #DeFi #BTC #CryptoSignals #Write2Earn