$MKR /USDT Short Trade Setup 🔥💯
Entry: Enter short at $1,600 (current level breakdown confirmation).
Take Profit Levels (TP):
• TP1: $1,580 (minor support zone).
• TP2: $1,560 (major demand zone).
Stop Loss (SL): Place SL above $1,620 to safeguard against false breakdowns.
Risk/Reward Insight: This trade offers a favorable risk-reward ratio if the breakdown gains momentum.
Momentum Analysis: The 1-hour chart suggests bearish pressure as the price rejects higher levels with increasing sell volume.
Confirmation Needed: Wait for a clear close below $1,600 for strong confirmation of a downward move.
Strategy Alert: Consider scaling out profits near TP1 and adjusting SL to entry for a risk-free setup.
Trade with precision and discipline—protect your capital at all costs!
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