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MKRUST trade ideas

MKR broke out of channel MKR is the token used to vote on MakerDAO - decentralized autonomous organization controlling DAI. DAI is a stablecoin supposedly controlled by a decetralized organization instead of more cetralized competitors. Currently its market cap is around $2 Bln and DAI mcap is $5.4 bln. In the altcoin market it is quite reasonable to place a bet on stablecoins and one of the limited ways to do it is MKR. It will most likely reach the green zone which is a nice 20% trade. After that it will reach resistance both Fibonacci and that giant triangle- wise.
Long
by AlexLukyanin
MKR/USDT 1h chart Hello everyone, let's look at the current MKR situation considering the one hour interval. In this situation, we can see the price approaching the upward trend line, which provides strong support for the price, but it is worth switching to a stop-loss now in case of further declines in the market: sl1 - $1,800. sl2 - $1742. sl3 - $1691. looking the other way, if the increases continue, we have visible resistance at the level of $1,863, the next important level is $1,912 so that the price can move towards $1,989, only the exit to the top will open the way above $2,100.
by cryptodailyuk
Maker (MKR): local trade opportunity with 20-25% potential BINANCE:MKRUSDT is a native token of the decentralized autonomous organization (DAO) MakerDAO, which governs the Maker protocol on the Ethereum blockchain. + Advantages: 🔘Limited supply 🔘Clear wave structure: There is a decent growth potential of 20-25% within the final 5th wave of the impulse (up to the nearest resistance zones) - Disadvantages: 🔘Lack of a long-term trend: Globally, the token is range-bound and doesn’t show a clear trend 🔗 🔘Low position relative to moving averages: MKR is trading below the MA 20-week and MA 200-day, indicating weak momentum. There is no strong reason to believe the token will break through these levels — most likely, it will test them and continue to decline. The best approach for now is to focus on local trades, which still offer a solid opportunity. Shaka🤙 COINBASE:MKRUSD BYBIT:MKRUSDT
Long
by shakatrade1_618
6
Maker (MKR): Cold Wallet Accumulations A Strategic Isolated Margin Entry The recent uptick in Maker's cold wallet deposits has provided a promising signal for those closely monitoring whale activity. Over the past four days, increases in cold wallet holdings suggest that institutional investors or major holders are quietly accumulating MKR. This trend follows a notable distribution phase approximately 14 days earlier, hinting at a potential shift in sentiment among market movers. Using this information, I initiated an isolated margin entry for Maker, aiming to capitalize on what appears to be a market bottom. While early days in this move, the data aligns with historical patterns, where cold wallet accumulations often precede bullish price action. The Importance of Cold Wallet Deposits Cold wallet deposits are a key metric for understanding whale behavior. When large holders move significant amounts of MKR into cold storage, it typically signals long-term confidence in the asset. Unlike hot wallet activity—often associated with trading or short-term speculation—cold wallet transfers indicate a strategy focused on holding, rather than selling. Over the past four days: Cold wallet deposits have increased This trend follows a distribution phase seen approximately 14 days ago, during which whales likely offloaded MKR at higher prices. The return of deposits suggests whales are now re-entering positions, potentially at what they perceive as discounted levels. Profit Targets: A Balanced Strategy My profit targets for this trade reflect both short-term volatility and the potential for a sustained bullish trend: 2000 USD: The first target aligns with historical resistance and provides an opportunity to secure gains early in the trend. 3000 USD: This mid-term target assumes increasing momentum as bullish sentiment builds. 4000 USD: A more ambitious target, reflecting the possibility of Maker revisiting previous highs if a broader market rally ensues. These targets are strategically spaced to capture profits incrementally while allowing room for further upside. Market Bottom Indicators The combination of cold wallet activity and market dynamics supports the hypothesis that Maker may be nearing, or has already reached, a market bottom: Cold Wallet Trends: Accumulation periods historically coincide with market bottoms, as seen in previous cycles. Reduced Selling Pressure: The recent distribution phase has subsided, with no significant outflows to exchanges over the past week. Technical Patterns: Maker’s price shows early signs of forming a base, with relative stability despite broader market fluctuations. Cautious Optimism: The Road Ahead While the current data suggests bullish potential, it’s essential to remain cautious. Macro factors, such as regulatory developments and market sentiment, can influence Maker’s trajectory. However, the alignment of cold wallet accumulation with historical trends gives reason for optimism. If Maker sustains this accumulation phase, we could see the beginnings of a bull market over the coming months. For now, the signs point toward a promising entry point for those willing to align their strategies with whale activity. Conclusion: A Bullish Setup for Maker With cold wallet deposits increasing and selling pressure diminishing, Maker may be positioning itself for a significant move upward. While my profit targets of 2000, 3000, and 4000 reflect a measured approach, the potential for broader gains cannot be ruled out. As always, keeping a close eye on wallet activity and market conditions will be crucial in navigating the road ahead. Whether you’re already in the market or considering an entry, now is the time to watch Maker closely—it just might be the early stages of the next bull run
Long
by Data_Driven_Trading
3
Is Maker (MKR) Making a Move? 100K Club Analysis The crypto market often whispers before it roars, and those who listen closely to the movements of the largest wallets holding Maker (MKR) — can catch the signals before the crowd. A reasonable 3-day deposit into these cold wallets has recently emerged, echoing the patterns we observed in early January 2024 and back in July 2023 Let’s dive into the implications of this activity and explore what it could mean for MKR holders and traders alike. The 100K Club: A Market Signal The "100K Club" refers to the most influential cold wallets holding more than 100,000 MKR. These wallets are typically associated with institutional investors, exchanges, or long-term holders, making their behavior a strong proxy for market sentiment. When these wallets move, the market listens. Accumulation Phase: Over the past three days, these wallets have added a reasonable amount of MKR to their holdings. This is reminiscent of early January 2024 accumulation, which preceded a bullish rally that pushed MKR considerably higher and even saw similar in July 2023. What Does This Accumulation Mean? Large accumulations by the 100K Club often indicate confidence in the asset. Here’s why this recent activity is noteworthy: Whales Buying at previous market tops and liquidation levels: The accumulation appears to suggest that we may see a bullish sentiment in the near future. Whales typically aim to buy and sell at liquidation levels to ensure they fulfill their large orders especially in a lower market cap currency. Cold Wallet Activity: The MKR inflows into cold wallets over the past three days show a clear accumulation strategy. Unlike hot wallets, where assets are often held for trading, cold wallet inflows suggest long-term positioning rather than short-term speculation. January 2024 Déjà Vu?: In January 2024, a similar pattern of accumulation by these wallets occurred, followed by a sharp price rally. While history doesn’t always repeat, it often rhymes, and this could be a precursor to a similar move. Potential Scenarios for MKR Depending on the continuation of this activity, we could see two primary scenarios play out: Bullish Continuation: If the accumulation continues and inflows into cold wallets persist, it could lead to reduced market supply. This would likely result in upward price pressure, attracting more investors to join the rally. Reversal or Distribution: If the whales begin distributing MKR — moving it from cold wallets to exchanges — it could signal an impending market top. Watch for sudden spikes in exchange inflows as a warning of potential selling pressure. How to Stay Ahead To navigate these potential market moves, it's crucial to keep an eye on: Cold Wallet Inflows and Outflows: Continued accumulation suggests bullish intent, while sudden outflows to exchanges could signal distribution. Exchange Volume: A surge in sell-side liquidity might indicate profit-taking by whales. Whale Trends: Monitoring changes in whale percentages can help confirm whether the 100K Club is still adding to their positions or starting to scale back. Conclusion: Eyes on the 100K Club The 100K Club’s 3-day accumulation is a significant event that traders and investors should watch closely. With echoes of January 2024 in the air, the current activity could be setting the stage for a major market move. Whether MKR is gearing up for a bullish breakout or another phase of distribution remains to be seen, but the signals are clear: the whales are making their move. Stay vigilant, and remember, the market rewards those who listen to its whispers. Is this the start of a rally or the calm before a storm? Only time — and the 100K Club — will tell.
Long
by Data_Driven_Trading
1
MKR/USDT: Ready to Rally – Perfect Long Setup!Hey everyone! If this analysis resonates with you, hit that 👍 and follow for more updates to stay ahead of the market! MKR is showing strong bullish potential! It has broken out of a bull flag structure on the 4-hour time frame and is currently retesting the breakout zone. This setup looks primed for a significant move upward. 🚀 💡 Action Plan: Entry Range: CMP (Current Market Price) and add more up to $1510 Targets: $1738 / $1902 / $2216 Stop-Loss (SL): $1460 Leverage: Use low leverage (Max 5x) This setup signals a decisive bullish breakout for MKR! What’s your perspective on MKR’s price action? Are you seeing the same potential? Share your thoughts and analysis in the comments below, and let’s profit together!
Long
by CoreCrypto1
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 interval chartHello everyone, let's look at the current situation of MKR taking into account the interval of one week. As we can see, the price has left the trend triangle with a dynamic downward movement, currently we are staying below the downward trend line. Let's start by setting goals for the near future, which include: T1 = $1,745 T2 = $2192 T3 = $2546 T4= $2,900 Looking the other way, there is a strong support zone that managed to keep the price from further correction, the zone from $1,278 to $936, but if this zone is broken, we may see a strong price drop to around $514.
Long
by cryptodailyuk
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