MKRUSDT.P trade ideas
mkrusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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Money MAKERMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 5760 and even higher. MKR been money maker lately (see related idea), so I hope this ATM🏧 is still working! There are 2 different SLs, one tight, one wide. I will split the position into two (equal size) and will go with both SLs.
ENTRY : local high @ 4151
SL1 : local low @ 3934
SL2 : local low @ 3568
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL1) @ 5760
RRR with SL1 : 7.4
RRR with SL2 : 2.75
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
MKR The Dominator Of The DEFI CategoryMKR price traded at $4786 with a gain of 35.83% in the last 24-hour. Furthermore, MKR price is in a continuous uptrend and testing the resistance of $4970. In contrast, the market capitalization stands at $4.69 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $4970 in future trading sessions.
Resistance: $4970
Support: $2866
MKR.USDT (Y21.P2.E1).Potential cradle setupHi Traders,
Here is a potential nice setup for a cradle trade on the 1 hrly.
It has all the ingredients so far.
Yes, it has a slight downward pressure for now, but that could be shallow.
Be careful as BTC can spoil many good setups if it drops.
If you don't know the check list for a cradle setup or strategy, you should learn it asap. Which I teach. Link below.
All the best,
S.SAri
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MKR making triangleMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 4870 and even higher.⚡
ENTRY : local high @ 3667
SL : local low @ 3290
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 4870
RRR : 3.25
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!