Trading Signals for $MKR Maker
Action: Buy
Entry Range: $1,230.00 - $1,250.00
SL: $1,200.00
TP: $1,350.00
MKR has been exhibiting bullish momentum in the last 24 hours, up 6.16%. However, it’s approaching resistance near the $1,300 level, which has previously acted as a ceiling. A minor consolidation range is forming between $1,230 and $1,307, indicating a potential breakout opportunity. The price is currently at the higher end of this range, suggesting that a pullback toward the $1,230 level could offer a solid entry.
Given MKR's volatility and overall positive trend, a scalping strategy with tight stops makes sense. A stop-loss below $1,200 ensures protection against a deeper retracement, while the TP targets $1,350 for a small but effective gain. Watch for a breakout above $1,310 for additional confirmation of upward movement.
🥂Trade Now👇$MKR
🚨Note: Trade at your own risk. DYOR.
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