🚨 $MERL HEAVY DISTRIBUTION AT RESISTANCE PREPARES FOR AN EXPENSIVE DOWNSIDE SWEEP 📉
Entry: 0.02009988 - 0.02014012 ⚡
Target: 0.01989629 🎯
Stop Loss: 0.02192000 ⚠️
Sellers are stepping in heavily as $MERL hits a high-conviction supply block near 0.0201, leaving late buyers exposed. 📊 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. ⚡ With overhead supply capping upside attempts, momentum favors the downside sweep. 💭 Are you riding this short down to the liquidity pool or waiting on the sidelines? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #CryptoTrading #Bearish #TechnicalAnalysis
🐻 🩸
Entry: 0.02009988 - 0.02014012 ⚡
Target: 0.01989629 🎯
Stop Loss: 0.02192000 ⚠️
Sellers are stepping in heavily as $MERL hits a high-conviction supply block near 0.0201, leaving late buyers exposed. 📊 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. ⚡ With overhead supply capping upside attempts, momentum favors the downside sweep. 💭 Are you riding this short down to the liquidity pool or waiting on the sidelines? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #CryptoTrading #Bearish #TechnicalAnalysis
🐻 🩸