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MKR / TetherUS

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MKRUSDT trade ideas

MKRUSDT (MKR) - UPDATE ANALYSIS 🔎 - MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH . - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a descending triangle pattern . - There's a possible uptrend continuation. BUY ENTRY ⬆️ - Breakout above the descending triangle's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - ATH resistance - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the descending triangle's horizontal support.
Long
by Chibuike_Odoh
MKRUSDT (MKR) - UPTREND CONTINUATION ANALYSIS 🔎 - MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a symmetrical triangle pattern. - There's a possible uptrend continuation. BUY ENTRY ⬆️ - Aggressive entry (risky) : current market price (now). - Conservative entry : breakout above the symmetrical triangle's inclined resistance. TARGETS 🎯 - ATH resistance - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh
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