๐ป $MERL โ SHORT
Bearish Setup โ Technical Overview
MERL remains in a broader downtrend, trading below the dynamic EMA 200 resistance around 0.03099. Price has just bounced back to retest the EMA 50 zone near 0.03068, where sellers are looking to step back in. A rejection from this area could drive price down toward the 0.03008 downside target if bearish momentum resumes.
๐ฏ TRADE PLAN
Entry: 0.03068
Stop Loss: 0.03116
Take Profit: 0.03008
โ ๏ธ No chasing. Respect your stop loss and manage risk.
Technical setup only. Not financial advice.
#merl #short #cryptotrading
Bearish Setup โ Technical Overview
MERL remains in a broader downtrend, trading below the dynamic EMA 200 resistance around 0.03099. Price has just bounced back to retest the EMA 50 zone near 0.03068, where sellers are looking to step back in. A rejection from this area could drive price down toward the 0.03008 downside target if bearish momentum resumes.
๐ฏ TRADE PLAN
Entry: 0.03068
Stop Loss: 0.03116
Take Profit: 0.03008
โ ๏ธ No chasing. Respect your stop loss and manage risk.
Technical setup only. Not financial advice.
#merl #short #cryptotrading
