๐ด $MERL LOSING GRIP AS SELLER MOMENTUM REASSERTS ITS DOMINANCE ON THE 15M! ๐
Entry: 0.03027 โก
Target: 0.0292748 ๐
Stop Loss: 0.0310662 โ ๏ธ
Bears are firmly steering the wheel here as price action remains trapped beneath the descending cluster of moving averages. With the RSI hovering softly around 41 and negative MACD momentum confirming fading buyer strength, any relief bounce is looking like prime distribution territory. ๐
The trend continuation play is tightening up nicely after that shallow volume retracement. If sellers keep defending the local resistance block, a slide toward deeper liquidity pockets below looks increasingly inevitable. ๐
Are you fading these weak upside attempts or waiting for a cleaner breakdown confirmation? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #MERL #ShortSetup #Bearish #Crypto #TechnicalAnalysis
๐ป ๐ฉธ
Entry: 0.03027 โก
Target: 0.0292748 ๐
Stop Loss: 0.0310662 โ ๏ธ
Bears are firmly steering the wheel here as price action remains trapped beneath the descending cluster of moving averages. With the RSI hovering softly around 41 and negative MACD momentum confirming fading buyer strength, any relief bounce is looking like prime distribution territory. ๐
The trend continuation play is tightening up nicely after that shallow volume retracement. If sellers keep defending the local resistance block, a slide toward deeper liquidity pockets below looks increasingly inevitable. ๐
Are you fading these weak upside attempts or waiting for a cleaner breakdown confirmation? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #MERL #ShortSetup #Bearish #Crypto #TechnicalAnalysis
๐ป ๐ฉธ
