📊#MKR may rise in an ascending triangle pattern📈

30. Jan. 2024

🧠After reaching the TP zone, we entered the correction phase according to the double top short structure, and the goal of the double top short structure was fully achieved.✔️
After that, we also had a good rebound. From a time period perspective, we are consolidating sideways, which shows that we don’t seem to want to choose to continue the deep correction. As time goes by, we form an ascending triangle here.🙏

➡️If we successfully break through the inflection point, then the ascending triangle is established
⚠️If we break below the bulls’ defensive level, the bullish view is invalidated

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1. Feb. 2024

Order storniert

📊#MKR Ascending Triangle Breakout Failed❌

🤯Unfortunately, the expected rise did not occur and the bull defense point was broken, so the expectations of the ascending triangle were invalidated.❌

🧠The only structural form that currently exists is the double top short structure, so you need to be cautious when you are bullish.

➡️The current price is gradually being squeezed into a tight range, please do not forget risk management.✔️

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