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MKRUST trade ideas

Analyzing the MKR/USDT 1-Hour Chart Analyzing the MKR/USDT 1-Hour Chart By Khizar Hayat 1. Trend Observation Recent Trend: MKR saw a strong upward movement around November 6-7, followed by consolidation and a sharp rise on November 8. Current Trend: After this rally, the price is stabilizing around $1,470, with a minor pullback signaling potential consolidation. 2. Support & Resistance Levels Support: Around $1,450, which has acted as a base after the downtrend. Resistance: At approximately $1,475, a level where the price hit a peak before a slight pullback. 3. Volume Analysis Volume Spikes: Increased buying activity is seen on November 8, indicating high demand. Volume Drop: As price consolidates, volume is also decreasing, which suggests a pause before the next move. 4. Candlestick Patterns The small-bodied candles with wicks at the peak may indicate indecision or potential topping. The current red candlestick hints at a pause or minor pullback. 5. RSI Analysis If visible, an RSI above 70 might indicate overbought conditions, suggesting potential for a correction. 6. Short-Term Outlook Bullish Scenario: Holding above $1,450 with renewed volume could push MKR past $1,475. Bearish Scenario: A break below $1,450 could lead to a reversal towards $1,420. 7. Risk Management Stop-loss: Place it below $1,450 to minimize potential losses. Take-profit: Set around $1,475, or higher if momentum continues. This pattern following a sharp move suggests either a continuation or a minor correction. Keep an eye on volume and key levels to gauge the next direction.
by khizar2261297
1
Maker (MKR) To the MoonMKR has successfully broken out of the bearish falling wedge pattern, signaling a positive outlook for a bullish movement. However, it’s important to note that MKR is currently at its first resistance level at 1,509. Considering that Bitcoin is also at a resistance point, there is a possibility of a correction toward the bullish trendline at 1,262 before continuing its upward trend to 1,727. This analysis will be updated if new key levels are identified. Thank you.
Long
by AzrulAzir
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! 🔥
Long
by Crypto-By-Ghazi
2
Maker Faces Critical JunctureMaker (MKRUSDT) is moving within a major downtrend, it has been red without any signs of relief. Currently, it is reaching a major support level in the form of 0.786 Fib. retracement, relative to the June 2023 - April 2024 bullish wave. ➖ If this support level breaks, around 1,260, MKRUSDT is set for a major crash. ➖ If this level holds, on the other hand, a small recovery can show up. Which one is more likely to happen based on the current chart? Recovery or bearish continuation? ➢ Seeing the weekly candle with a long upper shadow, indicates that the bulls tried to push prices higher and were rejected. The current chart setup favors the bears and a bearish continuation. ➢ It is likely the critical support level will breakdown and the next support range, below 1,000, will be tested in the coming weeks. Thank you for reading. Namaste.
Short
by AlanSantana
2
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
by behdark
1
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.
by cryptodailyuk
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.
by cryptodailyuk
MKR 20-28% pump detected, 93% chance of hittingHi all, I have some exciting news to share. I will soon be providing you with regular pump signals from my brand-new algorithm, which detects pumps with a 90-100% hit rate. Today, I'm sharing this signal that my algorithm detected on MKRUSDT, which has a very high probability of reaching the target within 30 days. I'm working on making this live on my platform. It should be available within a week or two. The nice thing about today's signal on MKR is that it's also a solid Impulse based Reversion level. Green pips to you 🤑
Long
by Saver0
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.
by cryptodailyuk
1