📊 Analysis:
Relative Strength: Maker (MKR) is exhibiting relative strength compared to BTC amidst market weakness.
Reversal Signs: MKR has absorbed liquidity at $2,365 and is showing potential signs of a reversal.
Entry: Consider entering the trade at $3,150.
Profit Targets: Aim for profits at $3,650 or $4,000 levels.
Risk Management: Set a stop-loss at $2,850 to manage potential downside risks.
📈 Trading Strategy:
Entry: Initiate a long position at the specified entry price.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to mitigate losses in case of adverse price movements.
🚨 Note: Monitor market conditions closely and adjust the strategy accordingly as the trade progresses! 📊🔍 #MKR #TradingOpportunity #CryptoAnalysis 🌟📈
Relative Strength: Maker (MKR) is exhibiting relative strength compared to BTC amidst market weakness.
Reversal Signs: MKR has absorbed liquidity at $2,365 and is showing potential signs of a reversal.
Entry: Consider entering the trade at $3,150.
Profit Targets: Aim for profits at $3,650 or $4,000 levels.
Risk Management: Set a stop-loss at $2,850 to manage potential downside risks.
📈 Trading Strategy:
Entry: Initiate a long position at the specified entry price.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to mitigate losses in case of adverse price movements.
🚨 Note: Monitor market conditions closely and adjust the strategy accordingly as the trade progresses! 📊🔍 #MKR #TradingOpportunity #CryptoAnalysis 🌟📈
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.