Potential Retracement and Price Targets
Overview:
Following a recent breakout, #MKR/USDT has demonstrated promising momentum in its price action. However, the current market dynamics suggest a potential retracement to key Fibonacci levels, presenting an opportunity for strategic entry. This analysis examines the anticipated pullback zone, Fibonacci retracement levels, and a subsequent price target, aiming to provide valuable insights for informed decision-making.
Breakout Confirmation:
#MKRUSDT has recently experienced a notable breakout, indicating bullish sentiment and strong upward momentum in its price trajectory.
Retracement Zones:
Anticipated retracement zones lie within the range of $3350 to $3250, where the Fibonacci levels of 61.8% to 78.6% are located.
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