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
::Rocketship Emoji::