MKRUSDT is exhibiting a bullish trend and a bullish divergence on the 1-hour timeframe, indicating a potential trading opportunity for a continuation of the upward movement. Here's a concise analysis and trade plan:
Entry: Consider entering a long position through a BUY STOP order, triggered at a price slightly above the current market price, around $1304.
Stop Loss (SL): Set the stop loss at $1252 to manage potential downside risk.
Take-Profit Levels:
TP 1 @ 1:1 = $1356.
This trade plan is designed to capitalize on the observed bullish trend and divergence in MKRUSDT, with well-defined entry, stop loss, and take-profit levels. Entering through a BUY STOP order provides a method to confirm the bullish momentum. As always, staying informed and adapting to market conditions is crucial for successful trading.
Entry: Consider entering a long position through a BUY STOP order, triggered at a price slightly above the current market price, around $1304.
Stop Loss (SL): Set the stop loss at $1252 to manage potential downside risk.
Take-Profit Levels:
TP 1 @ 1:1 = $1356.
This trade plan is designed to capitalize on the observed bullish trend and divergence in MKRUSDT, with well-defined entry, stop loss, and take-profit levels. Entering through a BUY STOP order provides a method to confirm the bullish momentum. As always, staying informed and adapting to market conditions is crucial for successful trading.