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MKRUSD (1W) - buy the dip

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Hi traders,

Here it is my idea for a long position on MKRUSD (1 week time frame).
The price hit a local high in July 2024 and hit another high in November 2024, meanwhile the price hit the SMA (in November 2024) that acted as a resistance and the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The buy area is between 1,732.57 and 1,368.88 .
We will put our first take profit at 2,891.86 where there was an high in July 2024 and the second take profit at 3,926.12 where there is the local high.

Good luck!
Dagangan aktif
MKR hit our buy zone.

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