1. $MKR$ - Bullish

An ascending triangle is spotted on the 4hr RSI. However, I suspect the pullback from the recent leg-up isn’t finished. I am expecting the retracement to reach a previous supply zone [745.43 - 709.12] before buyers start coming in. If this plays out, I anticipate a 24% upside with a 6.4% potential loss which translates to a 3.76-to-1 odds.

The Super-Short-Term Play: 3-7 Days
4.39-to-1 PL Ratio.
Entry: 723.12; Target: 897.74 [24.15%]; SL: 676.71 [6.42%].

Hourly Resistance Zones

1. 779.77 - 785.03
2. 788.99 - 796.29
3. 801.29 - 811.30

Hourly Support Zones

1. 749.46 - 745.43
2. 741.58 - 734.28
3. 723.77 - 709.12

TA Methodologies:

1. Demand&Supply Theories [Price Momentum]
2. Fibonacci Retracements & Extensions [SR Zones]
3. Trendlines [Breakout]
4. RSI [Movement Strengths]

Please do your own research and risk no more than what you can afford.

I never risk more than 5% of funds on each trade and am a perpetual futures trader.
My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned. #DYOR

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