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🌴
Mkrusdtp
MKR target 185012h time frame
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We've been talking about MKR since July 14th. Now it broke the bullish flag(yellow arrow), which is a strong sign. Currently MKR is retesting this flag, and here is also the support of uptrend line. According to previous perspective and analysis(ref.1 and ref.2), MKR has higher target over 1800. Therefore, here is a good position to set trading plan.
TP: 1850~2000
SL: 1315
ref.1 Initial pump
ref.2 Continuation structure
MKR target 180012h time frame
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MKR is on the way to build 5 waves, already completed 3 waves from 500~1590. The most important thing here is where is the end of 4th wave(correction wave). According to structural support and 0.382 Fibonacci Retracement, 1350 is the potential end of 4th wave, also will be the start of 5th wave(final pumping wave), which target is 1800~2000. Therefore, we can set up a trading plan here.
TP: 1800~2000 / 2248
SL: 1220
MKRUSDt - TO THE MOONPreconditions:
- large accumulation
- emptiness in front
-global trend up
- local trend up
I'VE BEEN WAITING FOR A BREAKOUT SINCE NOVEMBER 27.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade