$MERL Builds Bearish Structure Near Lows
#MERL is forming lower highs on the 1H chart, trading near $0.02982 after rejecting $0.03249. The $0.03050 zone is acting as short-term resistance, while $0.02971 remains the key breakdown level.
A clean break below $0.02971 could open the door toward $0.02900. If rejection occurs, $0.03100 may come into play.
Entry: $0.02980–$0.03000
TP1: $0.02900
TP2: $0.02800
TP3: $0.02700
SL: $0.03080
SHORT AND TRADE
$RLC
#MERL is forming lower highs on the 1H chart, trading near $0.02982 after rejecting $0.03249. The $0.03050 zone is acting as short-term resistance, while $0.02971 remains the key breakdown level.
A clean break below $0.02971 could open the door toward $0.02900. If rejection occurs, $0.03100 may come into play.
Entry: $0.02980–$0.03000
TP1: $0.02900
TP2: $0.02800
TP3: $0.02700
SL: $0.03080
SHORT AND TRADE
$RLC