Yello, Paradisers! Are you watching #MKRUSDT closely? This critical moment could set the stage for a massive move—don’t miss out!
💎#MKR is currently showing respect for its support levels, with potential for bullish continuation if it successfully breaks the minor resistance area near $2,400. A breakout above this resistance could ignite a mid-term bullish rally, with the highest probability of reaching the major resistance zone as our next target.
💎However, the picture isn’t all bullish. If MKR fails to approach or break this minor resistance, there’s a significant chance it will retrace back to the demand zone at $1,887. At this level, price action will be critical: if MKR finds support and rebounds, the bulls might regain control, setting up another attempt to break the minor resistance.
💎But what if MKR fails to rebound at $1,887? In this scenario, we could see the price retesting a lower demand zone between $1,700 and $1,600. A failure here could signal deeper downside potential, putting MKR at risk of falling even further.
💎When analyzing MKR’s price history, the support zones have repeatedly held firm, showing strong buying interest when the price dips into these areas. If history repeats itself, MKR could again find support and bounce. However, a confirmed break and daily candle close below $1,600 would invalidate the bullish outlook and could lead to a deeper correction.
Avoid emotional trades, stay focused on your strategy, and always manage your risks. Consistency, not speculation, is how you win in this market.
MyCryptoParadise
iFeel the success🌴