๐Paradisers, #MKR is currently building momentum and gearing up to retest the descending resistance.
๐Once it breaks out, we'll wait for a retest to confirm our trading plan. The retest phase usually follows a breakout, offering an excellent opportunity to confirm bullish momentum. If #Maker holds support at $2701 and continues its upward climb, our projected resistance zone will be the next target.
๐However, if #MKRUSDT struggles to maintain support and falls back into the channel, it could hint at a weakening bullish trend. In this case, the price may drop further to the next significant support level around $2363.
๐Historically, MKR has shown resilience by bouncing decisively from this level. If this pattern holds, we could see a strong bounce. But if a decisive candle closes below this support, it will challenge the bullish outlook, signaling a potential shift toward a more bearish trend.
MyCryptoParadise
iFeel the success
๐Once it breaks out, we'll wait for a retest to confirm our trading plan. The retest phase usually follows a breakout, offering an excellent opportunity to confirm bullish momentum. If #Maker holds support at $2701 and continues its upward climb, our projected resistance zone will be the next target.
๐However, if #MKRUSDT struggles to maintain support and falls back into the channel, it could hint at a weakening bullish trend. In this case, the price may drop further to the next significant support level around $2363.
๐Historically, MKR has shown resilience by bouncing decisively from this level. If this pattern holds, we could see a strong bounce. But if a decisive candle closes below this support, it will challenge the bullish outlook, signaling a potential shift toward a more bearish trend.
MyCryptoParadise
iFeel the success
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๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV