🚨cryptocurrency trading signal alert 🚨

$MKR /USDT on the 15-minute chart:

Overview of Price Action: The MKR/USDT pair has shown significant upward momentum recently, highlighted by a sharp green candlestick after a period of consolidation.

Current Price: $1,718

Entry Price for Trades: Considering the current momentum, an entry near $1,700 could be strategic if the price retraces slightly.

Critical Levels for Resistance and Support:

Resistance: Immediate resistance is near the recent high at approximately $1,720.

Support: Support levels are around $1,680, where the last red candlestick before the surge started.

Take-Profit Targets:

First target: $1,740

Second target: $1,760

Third target: $1,780

Stop Loss Level: A stop loss can be placed below the support level at around $1,670 to protect against any sudden reversals in price action.

Cautionary Note for Traders: Traders should monitor for stability within this price range and watch for potential breakout signals above resistance or breakdowns below support.

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