Hi dear friends, hope you are well and welcome to the new trade setup of Maker (MKR) token.
On a monthly time frame , the price line of MKR has formed bullish Gartley pattern.
The potential reversal zone is from $1730 to $473, but we have a strong support at $700 as it is also a recent swing low before breaking out a down trendline resistance within a below big channel.
Buying and sell targets:
Therefore, the buying zone is from $1730 to $700. (right now it is at $1050)
Sell between: $3494 to $5359
Stop loss below: $700
Possible and loss ratio:
As per the above targets, this trade has a profit possibility of up to 665%, and a loss possibility is upto 34% as per the current price.
As per the above targets the profit possibility is huge which is up to 3100%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
On a monthly time frame , the price line of MKR has formed bullish Gartley pattern.
The potential reversal zone is from $1730 to $473, but we have a strong support at $700 as it is also a recent swing low before breaking out a down trendline resistance within a below big channel.
Buying and sell targets:
Therefore, the buying zone is from $1730 to $700. (right now it is at $1050)
Sell between: $3494 to $5359
Stop loss below: $700
Possible and loss ratio:
As per the above targets, this trade has a profit possibility of up to 665%, and a loss possibility is upto 34% as per the current price.
As per the above targets the profit possibility is huge which is up to 3100%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.