Before anything, pay attention to the timeframe. This is a 2-day timeframe, so it will take time.
From the point where we placed the red arrow on the chart, it seems that MKR's correction has begun.
It now appears to be in wave C. Buy/long positions can be considered in the green zone.
The target could be the red box.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You