Technical analysis by ADmytrenko2 about Symbol MKR: Buy recommendation (7/21/2024)

After breaking recent Gann Method line (first Buy signal above yellow line), the coin came down back to the Gann Method line. It is a perfect example of how prior resistance becomes support. After breaking the resistance, it went up, and then pulled back to retest that resistance level but this time, as a support. Now, the target is prior high of 3,086.60, with the stop of 2,705.70, a 2.08:1 risk:reward ratio. And possible 2nd target of just above 3,200