🔴 $MERL ROLLING OVER AS SELLERS RECLAIM TOTAL CONTROL OF THE TREND! 📉
Entry: 0.02995 ⚡
Target: 0.0290987 🚀
Stop Loss: 0.0306311 ⚠️
The moving averages are cleanly stacked downwards, showing zero appetite from buyers as price sits locked beneath the key EMA200 barrier. 📊 Volume is drying up on this pullback, confirming that sellers hold all the cards while momentum indicators bleed lower. ⚡
With the relative strength index flagging weak upside attempts and negative histogram bars persisting, this continuation setup offers a textbook structural short. 🔍 Are you positioning for the breakdown below support or waiting for another retest? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #Bearish #Crypto
🔥 📉
Entry: 0.02995 ⚡
Target: 0.0290987 🚀
Stop Loss: 0.0306311 ⚠️
The moving averages are cleanly stacked downwards, showing zero appetite from buyers as price sits locked beneath the key EMA200 barrier. 📊 Volume is drying up on this pullback, confirming that sellers hold all the cards while momentum indicators bleed lower. ⚡
With the relative strength index flagging weak upside attempts and negative histogram bars persisting, this continuation setup offers a textbook structural short. 🔍 Are you positioning for the breakdown below support or waiting for another retest? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #Bearish #Crypto
🔥 📉
