MKRUSDT : Long Position, Support-Resistance Flip, and Targets!๐
A trade analysis for Maker (MKRUSDT) indicates a long position with key levels, including stop and take profit, based on the concept of flipping resistance into support.
Key Trade Details:
Long Position: Initiating a long position on MKRUSDT.
Stop Level: The stop is set at $1,214, serving as a risk management measure.
Take Profit (TP): The take profit target is identified at $2,070.
Support-Resistance Flip: The trade is based on flipping resistance into support, with the mid-range becoming the new support level.
Targeting Range Highs: The concept is to target range highs as the price establishes new support levels.
Key Trade Details:
Long Position: Initiating a long position on MKRUSDT.
Stop Level: The stop is set at $1,214, serving as a risk management measure.
Take Profit (TP): The take profit target is identified at $2,070.
Support-Resistance Flip: The trade is based on flipping resistance into support, with the mid-range becoming the new support level.
Targeting Range Highs: The concept is to target range highs as the price establishes new support levels.