Maker Slipped Down
Maker prices has formed a downside breakthrough after a strong rise on August 26-27. Coin prices went down below the support, which resulted in a drop of 4.2% on Monday. A bearish engulfing pattern has emerged on the daily chart. So, it is quite convincing that the coin is likely to continue down. Thus, short positions from 1044.80-1057.70 with a target at 987.30 could be considered. The stop-loss could be set above 1075.90.
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