MERL is sitting just under the 200‑hour swing low, down about 2.8% from yesterday's close. The next resistance sits near 1.42, a 4.5% climb from current levels.
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🔴 $MERL SHORT 📉
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📍 Entry Range: $0.029640 – $0.029700
🛑 Stop Loss: $0.030560 (-3.0%)
🎯 TP1: $0.029225 (+1.5%)
🏆 TP2: $0.028186 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A clear change of character broke the descending trend, and the CVD turned negative confirming the sell pressure. The price is filling a fair value gap that aligns with an order block, creating a POI where the OB and FVG overlap. Structure now shows lower highs, setting up a short bias with 1.7 R/R target.
A 3.0% stop is relatively tight, so 2‑3x leverage keeps risk manageable.
Take half profit at the first target around 1.38 to lock in the 1:1.7 reward.
Not financial advice — always manage your own risk 🙏
$MERL #MERLUSDT #BitcoinFiveWeeklyLosses #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $MERL SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.029640 – $0.029700
🛑 Stop Loss: $0.030560 (-3.0%)
🎯 TP1: $0.029225 (+1.5%)
🏆 TP2: $0.028186 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
A clear change of character broke the descending trend, and the CVD turned negative confirming the sell pressure. The price is filling a fair value gap that aligns with an order block, creating a POI where the OB and FVG overlap. Structure now shows lower highs, setting up a short bias with 1.7 R/R target.
A 3.0% stop is relatively tight, so 2‑3x leverage keeps risk manageable.
Take half profit at the first target around 1.38 to lock in the 1:1.7 reward.
Not financial advice — always manage your own risk 🙏
$MERL #MERLUSDT #BitcoinFiveWeeklyLosses #TradingSignals #Write2Earn