$MKR /USDT Signal: Potential #Bearish Continuation
MKR/USDT has been trending downwards on the 4-hour chart. The price has recently broken below a key support level at 1718, indicating a potential continuation of the bearish trend.
Key Levels:
* Current Price: 1718
* Entry Price: 1639 (Consider a short position at this level)
* Resistance: 1718
* Support: 1639
Targets:
* Take-Profit 1: 1613
* Take-Profit 2: 1588
* Take-Profit 3: 1563
Stop Loss: 1756
Caution:
* Traders should be cautious as the market is currently volatile.
* Monitor for potential breakout signals or stability in the price action.
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