MKR/USDT: Looking Promising for a Breakout!MKR/USDT: Looking Promising for a Breakout!
MKR/USDT is showing signs that it could be on the verge of a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy:
Breakout trading tips 💡
1. Confirm the breakout: A true breakout happens when the price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊
2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄
3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️
4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like MKR. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐
5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈
Trade with caution and keep these tips in mind to make the most of MKR/USDT’s promising move. This isn’t financial advice—always DYOR! 🔥
MKRUSDT
#MKR/USDT#MKR
The price is moving in a downward channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.11
Entry price 1.19
First target 1.28
Second target 1.40
Third target 1.52
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
MKR will soon become bullishFrom where we put the red arrow on the chart, the MKR correction has started.
It is approaching the cheap ranges after the deep correction.
We also have a liquidity pool at the bottom of the chart. It is expected that the pool will be swept and the price will retrace upwards after hitting the deand range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MKRUSDT : Possible Consolidation at Critical SupportsMKR/USDT is currently consolidating after testing support levels around $1,327.8. The presence of nearby resistances, along with a still intact downtrend, suggests that the asset may continue in a period of laterality or attempt to test resistances around $1,382 and $1,408.
The chart is demonstrating a downtrend in recent sessions, with the price still struggling to overcome the main resistances, but MKR is unable to break the support.
The MACD shows a slight recovery with an attempt to cross between the signal line and the MACD line, possible start of bullish momentum and the stochastic in the overbought region
Supports: 1340 / 1275
Resistances: 1382 / 1408
MKR/USDT 1W Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is moving in a downtrend channel, at its lower boundary.
Let's start by setting goals for the near future, which include:
$2,063. $2,545. $2,767. $3,080
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = 1250USD
SL2 = $953
SL3 = 520USD
Looking at the RSI indicator, we see
as the indicator moves at the bottom of the range, which may translate into an attempt at price increases.
MKR/USDT 1W Chart Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is staying in the downtrend channel, at its lower boundary.
Let's start by setting goals for the near future, which include:
T1 = $2,063
T2 = $2,454
T3 = $2,767
T4 = $3,080
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $1563
SL2 = $1250
SL3 = $953
Looking at the RSI indicator, we can see that we are already quite low, which may result in an attempt to change direction, the movement of which appears to have begun.
#MKR/USDT#MKR
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it has been broken upwards and is being tested again
We have a bounce from the lower limit of the channel at a price of 1.43
We have an upward trend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.52
First target 1.74
Second target 1.95
Third target 2.22
SHORT Setups : 3 ALTS in 2 MINUTESRecently I did a post on Altcoins that are good BUYS. Find it here 👇
Let's look at three alts that are BEARISH in lower timeframes, and very likely heading lower for the SHORT term:
1) JTO BINANCE:JTOUSDT
2) MKR BINANCE:MKRUSDT
3) TON BINANCE:TONUSDT
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Can $Maker (MKR) make it?Maker is a smart contract lending platform that enables users to take out loans by locking in collateral in exchange for Dai
Maker price today is $775 with a 24 hour trading volume of 69 million dollar! MKR price is up 15% in the last 24 hours
US CPI Inflation data will be coming up today 10th November at 7:00PM IST and it can effect the market too
MKR going to hit 830 and if bulls break that resistance 840,845 and 850 are next targets
MKR/USDT 1WHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see that the price has returned to the downtrend, but we are still above the main uptrend line.
Let's start by setting goals for the near future, which include:
T 1 = $2,183
T 2= $2,548
T 3 = $3,121
AND
T 4= $3,554
Looking the other way, there is very strong support at $1,277, but if it is broken, the price drop may be much greater.
Looking at the RSI indicator, we see that it is at a very low level, which may result in a change in the direction of movement in the coming weeks.
Major Breakout Alert: MKRUSDT Next Move Could Shock Traders!Yello Paradisers, are you ready for what’s next? #MKRUSDT has caught our attention with its recent movements, but what's about to happen could redefine your trading strategy.
💎#MKRUSDT has been in a notable downtrend for several days, forming a descending resistance with multiple taps. This resistance was recently broken, but we haven't seen a retest yet.
💎The pair has been creating lower lows and lower highs. However, it recently swept previous lows and formed a double bottom. This led to a market structure break, causing the price to surge.
💎A retracement to the previous resistance now acting as support is most probable, around the $2625-$2500 range, probability of forming a higher low. There's a bullish OB at $2281. If the current support doesn't hold, this level might come into play.
💎Minor resistance is spotted at $3131. If volume sustains, the price could target the major resistance zone between $3732-$3958.
💎A crucial support level at $1988 must hold. A candle close below this point would invalidate the uptrend and confirm a bearish scenario.
Stay focused, patient, and disciplined, Paradisers. This is the only way you can get inside the winner circle.
Stay vigilant and ready to adapt to these key levels, Paradisers. This market requires patience and disciplined trading strategies. Trade smart and stay ahead of the game!
MyCryptoParadise
iFeel the success🌴
MKR-USDT 4HHello everyone, I invite you to a quick review of MKR in pair with USDT on the 4H time frame. Let's start by discussing the movement, because we can see the upward exit from the local downtrend channel, which resulted in maintaining the upward trend line.
Currently, you can see that the price is approaching a significant resistance level of $2,986, when it breaks above it, the next resistance is at $3,256, and then a very strong resistance at $3,446.
However, if the current resistance rejects the price, we can see strong support at $2,688, further support at $2,419, and very strong support at $2,229.
MKR Looks BullishThe large MKR structure is bullish.
A trigger line has been broken and we also have a demand on the chart.
By maintaining this demand, it can move towards supply.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MKR - USDT 12h IntervalHello everyone, let's take a look at the MKR to USDT chart on a 12h time frame. We can see here how the price has moved upwards from the downtrend line, maintaining the trend of the uptrend line, while currently we can see a movement in the local downtrend channel.
After unfolding the fib retracement grid, you can see that the price is at the support level of $2,557, then it is visible at the support level of $2,269, and then there is strong support around the price of $1,781.
Looking the other way, there is resistance at $2,793, the next one is at $3,278, and then there is a very strong resistance at $4,085.
MKRUSDT - Bullish Continuation - Trend Line SupportBINANCE:MKRUSDT has broken the lower highs in a bullish trend and turning previous resistance into support areas. After retracing, price found support at the long term trend line as well. Expecting the price to continue the bullish trend and continue moving up from the current price!
Maker MKR price will surprise many#MKRUSDT price was quite predictably and strongly held, aggressively bought back from the liquidity zone and here's why:
“ #MakerDAO announces open call to invest $1 billion in tokenized US Treasuries - BlackRock, Ondo Finance, and Superstate plan to apply”
In short, #Maker plans to reach a new level of “heavyweights” in the crypto world.
Therefore, a medium-term trade for #MKRUSD is suggesting on the conditions shown on the chart.