šØ $MERL HEAVY DISTRIBUTION AT RESISTANCE PREPARES FOR AN EXPENSIVE DOWNSIDE SWEEP š
Entry: 0.02009988 - 0.02014012 ā”
Target: 0.01989629 šÆ
Stop Loss: 0.02192000 ā ļø
Sellers are stepping in heavily as $MERL hits a high-conviction supply block near 0.0201, leaving late buyers exposed. š Order flow indicates aggressive distribution pushing local market structure into a clean bearish posture.
A sustained breakdown below immediate micro-support opens up a clear liquidity runway down toward lower targets. ā” With overhead supply capping upside attempts, momentum favors the downside sweep. š Are you riding this short down to the liquidity pool or waiting on the sidelines? š
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #MERL #ShortSetup #CryptoTrading #Bearish #TechnicalAnalysis
š» š©ø
Entry: 0.02009988 - 0.02014012 ā”
Target: 0.01989629 šÆ
Stop Loss: 0.02192000 ā ļø
Sellers are stepping in heavily as $MERL hits a high-conviction supply block near 0.0201, leaving late buyers exposed. š Order flow indicates aggressive distribution pushing local market structure into a clean bearish posture.
A sustained breakdown below immediate micro-support opens up a clear liquidity runway down toward lower targets. ā” With overhead supply capping upside attempts, momentum favors the downside sweep. š Are you riding this short down to the liquidity pool or waiting on the sidelines? š
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #MERL #ShortSetup #CryptoTrading #Bearish #TechnicalAnalysis
š» š©ø