MKRUSDT 1560 Bull Run
Bullish View on MKRUSDT
Trade:
Buy MKR Perpetual future at $1460
Stop Loss: $1360
Target: $1560
Max Profit: 1100/MKR
Max Loss : 1100/MKR
Rationale:
The recent price movement in MKR has convincingly breached the resistance level at 1445, and gave a swing high of 1460. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that MKRUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Buy MKR Perpetual future at $1460
Stop Loss: $1360
Target: $1560
Max Profit: 1100/MKR
Max Loss : 1100/MKR
Rationale:
The recent price movement in MKR has convincingly breached the resistance level at 1445, and gave a swing high of 1460. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that MKRUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
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