From 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