đ¨ $MKR /USDT Price Analysis: Breakout or Breakdown Ahead! đ¨
MKR/USDT is showing signs of significant movement on the 15-minute chart. Currently trading at $1,189, the price has been fluctuating between a key resistance zone of $1,230 and a critical support level at $1,155.
đ Key Levels to Watch:
⢠đ§ Resistance: $1,230 â A breakout above this level could open the door to a quick move toward $1,260. Momentum traders should watch closely for a surge if volume increases.
⢠đ Support: $1,155 â If the price breaks below this support, expect a sharp drop to $1,120 or lower, potentially triggering a bearish trend.
đ Entry Strategy:
⢠đ Long Entry: Consider entering around $1,195, with a stop loss at $1,165. Aim for targets at $1,230 and $1,260 for a short to mid-term bullish rally.
⢠đ Short Entry: A breakdown below $1,175 could be an ideal short entry with a stop loss at $1,200 and a target of $1,140 or lower.
The market is at a tipping point. Keep an eye on the volume to confirm breakout or breakdown scenarios.
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