๐ฅ๐ฅ๐๐ซ๐๐๐ ๐๐๐ญ๐ฎ๐ฉ ๐๐จ๐ซ ๐๐๐/๐๐๐๐: ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐จ๐ฆ๐๐ง๐ญ๐ฎ๐ฆ ๐๐ก๐๐๐?๐ฅ๐ฅ๐ฅ
A bullish flag pattern has been identified on $MKR /USDT, hinting at the possibility of an imminent breakout. This technical setup offers traders a compelling opportunity to capitalize on a potential upward surge if the price action confirms. Here's the breakdown of the trade idea:
๐น Entry Zone: $1625-$1635 (confirmation required above $1638).
๐ฏ Target Levels: $1660 and $1680.
๐ก Stop Loss: $1600.
Market Analysis: If $MKR successfully breaks above $1638, we could see significant bullish momentum driving prices higher. However, traders should remain vigilant for a potential rejection at this key resistance level, which might lead to a pullback toward $1580. Such a scenario could provide additional trading opportunities for those monitoring closely.
$MKR โs current price of $1620 (+1.88%) suggests growing strength, but precision and discipline are key to navigating this setup effectively. Keep an eye on price movements and trade cautiously within the outlined levels to maximize gains while mitigating risks.
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