📉 $MERL
Facing selling pressure after a strong price rejection! Is more downside on the way? 🔥
🔴 Trade type: SHORT (Sell)
📍 Entry zone:
$0.0342 – $0.0348
🎯 Price targets:
TP1: $0.0330
TP2: $0.0315
TP3: $0.0295
🛑 Stop loss (SL): $0.0365
📊 Market analysis:
$MERL faced a strong price rejection after the recent rally, with a large bearish candle indicating increasing selling pressure and sellers gradually taking control.
If the price continues trading below $0.0348, we may see further declines toward the support zone between $0.0315 and $0.0295.
⚠️ It’s preferable to wait for confirmation that selling pressure is continuing before entering, while following sound capital management and using a stop loss.
🔥 Consider placing your trade on $MERL now!
#MERL #Crypto #Trading #ShortSetup #Altcoins
Tone down the call to enter
Add a clear risk warning
Standardize the formatting of prices and headings#AIChipSlumpNasdaq
Facing selling pressure after a strong price rejection! Is more downside on the way? 🔥
🔴 Trade type: SHORT (Sell)
📍 Entry zone:
$0.0342 – $0.0348
🎯 Price targets:
TP1: $0.0330
TP2: $0.0315
TP3: $0.0295
🛑 Stop loss (SL): $0.0365
📊 Market analysis:
$MERL faced a strong price rejection after the recent rally, with a large bearish candle indicating increasing selling pressure and sellers gradually taking control.
If the price continues trading below $0.0348, we may see further declines toward the support zone between $0.0315 and $0.0295.
⚠️ It’s preferable to wait for confirmation that selling pressure is continuing before entering, while following sound capital management and using a stop loss.
🔥 Consider placing your trade on $MERL now!
#MERL #Crypto #Trading #ShortSetup #Altcoins
Tone down the call to enter
Add a clear risk warning
Standardize the formatting of prices and headings#AIChipSlumpNasdaq
