🚨 BIG NEWS ALERT! 🚨

📉 Coin: #MKR/USDT

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Analyzing the Maker (MKR) chart on the 1-hour timeframe reveals an intriguing pattern: a converging triangle formation. Typically, this pattern indicates a phase of consolidation and market uncertainty, where price highs and lows converge towards a focal point.

Within this triangle pattern lies a significant breakout resistance line, a pivotal level where price has consistently met upward resistance without breaking through.

The presence of this breakout resistance line amidst the converging triangle suggests a bullish outlook for MKR. A successful breakout above this resistance line could signal a notable shift in market sentiment, potentially fueling upward momentum for MKR's price.

Considering the technical analysis on the 1-hour chart, the convergence of the triangle pattern alongside the breakout resistance line paints a promising picture for MKR, indicating a potential bullish trend.

🟢 Take a LONG Position 🟢

Entry: At the market price

Take Profit Targets:

1st: 3810

2nd: 3896

3rd: 3919

4th: 4052

SL: 3599

leverage:10X

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