$MKR $MKR

Professional Analysis of $MKR /USDT Chart

Support and Resistance Levels

- **Support Levels:**

- **$1,242:** This is the 24-hour low and acts as a significant support level.

- **$1,195:** This is the 25-day moving average (MA25) and provides additional support.

- **$1,186:** This is the 99-day moving average (MA99), indicating a strong support base.

- **Resistance Levels:**

- **$1,335:** This is the 24-hour high and a key resistance level.

- **$1,352:** This is the next psychological resistance level, slightly above the recent high.

#### Entry Signal

- **Entry Point:** Consider entering a long position at the current price of $1,293. If the price breaks above the $1,335 resistance level with strong volume, it indicates potential for further upward movement.

- **Stop Loss:** Place a stop loss just below the $1,242 support level to minimize potential losses.

- **Take Profit Levels:**

- First Take Profit: $1,335 (24-hour high)

- Second Take Profit: $1,352 (next psychological resistance level)

### Description of the Image

The image shows a trading chart for the MKR/USDT pair on Binance, set to a 4-hour timeframe. It includes various technical indicators such as moving averages and volume, providing a comprehensive view of the market conditions for MKR. This chart is relevant for traders looking to make informed decisions based on technical

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