Hello everyone, let's look at the 1D MKR to USDT chart, in this situation we can see how the price is moving in a channel where it is currently struggling to choose the direction of further movement.
Let's start, however, by defining the goals for the near future that the price must face: T1 = $1,533 T2 = $1,703 Т3 = 1997$
Now let's move on to the stop-loss in case the market continues to decline: SL1 = $1,301 SL2 = $1150 SL3 = $1008
When we look at the RSI indicator and the MACD indicator, we can see that we are moving at the bottom of the range, which may indicate an upcoming trend change, in this situation, after such accumulation, we should see price increases again.