Maker Breaking Out
For anyone who doesn't know, MKR is the OG DeFi and they're closing deals; most recently with Tesla.
With that said, a STRONG trend line down has finally been broken with three green candles on the weekly and I believe there is going to be short term upside of 10-15% for anyone who is trying to trade this vs USD or against any similarly pegged stablecoin. If Crypto is going into a bull market again, which is not yet confirmed, this has 3x-5x potential before any bull run is over, and the downside is significantly less volatile than most other coins will likely exhibit.
I think here, from a margin of safety/crypto analysis of safety perspective, I am happy to trade my USD for Maker with the intention of holding long term. The chart speaks for itself. I will sell 1/3 of my position if my price target hits and let my core position roll
With that said, a STRONG trend line down has finally been broken with three green candles on the weekly and I believe there is going to be short term upside of 10-15% for anyone who is trying to trade this vs USD or against any similarly pegged stablecoin. If Crypto is going into a bull market again, which is not yet confirmed, this has 3x-5x potential before any bull run is over, and the downside is significantly less volatile than most other coins will likely exhibit.
I think here, from a margin of safety/crypto analysis of safety perspective, I am happy to trade my USD for Maker with the intention of holding long term. The chart speaks for itself. I will sell 1/3 of my position if my price target hits and let my core position roll
Nota
Boom; Confirmation came with some decent volume. Hold for the real gainz::Rocketship Emoji::
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.