MERL is slipping below the 0.45 ceiling and hunting the 0.44 support. The bearish swing is gaining steam as sellers dominate the order flow.
🔴 $MERL SHORT 📉 — Trade Plan
• Entry: $0.032497 – $0.032563
• Stop: $0.033506 (-3.0%)
• Target 1: $0.032042 (+1.5%)
• Target 2: $0.030904 (+5.0%)
• R/R 1:1.7 | Confidence 65%
The market structure broke lower highs (CHoCH) and the volume delta (CVD) turned negative, confirming the down move. A fair value gap lines up with an order block, creating a POI where the OB and FVG overlap. This confluence points to a short entry near the current price.
A 3.0% stop is fairly tight—at 5x leverage it caps loss around 15% of your capital, so keep the position size modest.
Take half profit once price hits the first target around 0.42.
Not financial advice — always manage your own risk 🙏
$MERL #MERLUSDT #THORChain #TradingSignals #Write2Earn
🔴 $MERL SHORT 📉 — Trade Plan
• Entry: $0.032497 – $0.032563
• Stop: $0.033506 (-3.0%)
• Target 1: $0.032042 (+1.5%)
• Target 2: $0.030904 (+5.0%)
• R/R 1:1.7 | Confidence 65%
The market structure broke lower highs (CHoCH) and the volume delta (CVD) turned negative, confirming the down move. A fair value gap lines up with an order block, creating a POI where the OB and FVG overlap. This confluence points to a short entry near the current price.
A 3.0% stop is fairly tight—at 5x leverage it caps loss around 15% of your capital, so keep the position size modest.
Take half profit once price hits the first target around 0.42.
Not financial advice — always manage your own risk 🙏
$MERL #MERLUSDT #THORChain #TradingSignals #Write2Earn