#MKR 📊Current price$2818Support and Resistance levels
Support Levels:
$2795: Current support level. $2700: Next support level. $2600: Additional support level.
Resistance Levels:
$2850: Current resistance level. $3000: Next resistance level. $3250: Additional resistance level.
Possible Entry Points and Stop Loss
Buy entry point:
If the price holds above $2795, this could be a good buying point. Stop Loss: $2700 level to limit losses.
Selling entry point:
If the price reaches $2850 and begins to decline, this may be a signal to sell. Stop Loss: $2900 level to protect positions.
Price Movement Forecast
Short term forecast:
The price could fluctuate between $2,795 and $2,850 in the coming days as traders assess current support and resistance levels.
Mid-term forecast:
If the price breaks the $2850 level, an increase to $3000 is possible. If it falls below $2,795, the price could drop to $2,700.
Technical analysis
The chart shows the formation of an upward trend. If the price holds above $2,795, it could confirm the bullish trend and further rise to $3,000 and above. However, if the level of $2795 is broken down, the decline may continue to $2700.
Recommendations for Traders
Buy: Open positions at a price above $2795 with targets at $2850 and $3000. Sell: Open positions at a price below $2795 with targets at $2700 and $2600.
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