🔴 $MERL STRUCTURAL BEARISH CONTINUATION FIRMLY IN PLAY BELOW KEY MOVING AVERAGES 📉
Entry: 0.03032 ⚡
Target: 0.0272144 🚀
Stop Loss: 0.0313552 ⚠️
Price action continues to respect the descending structure with the 20, 50, and 200 EMAs cleanly aligned in a bearish cascade. Sub-average volume profile indicates a lack of aggressive buyer defense during this pullback phase. 📊
Momentum oscillators remain suppressed with RSI hovering below median and MACD histogram printing negative values. This confirms institutional sellers maintain structural control over the order flow without encountering meaningful demand blocks. 💡
Are you fading this minor retracement for a continuation lower, or waiting for a deeper liquidity sweep? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #Bearish #Crypto
🦈 📉
Entry: 0.03032 ⚡
Target: 0.0272144 🚀
Stop Loss: 0.0313552 ⚠️
Price action continues to respect the descending structure with the 20, 50, and 200 EMAs cleanly aligned in a bearish cascade. Sub-average volume profile indicates a lack of aggressive buyer defense during this pullback phase. 📊
Momentum oscillators remain suppressed with RSI hovering below median and MACD histogram printing negative values. This confirms institutional sellers maintain structural control over the order flow without encountering meaningful demand blocks. 💡
Are you fading this minor retracement for a continuation lower, or waiting for a deeper liquidity sweep? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #Bearish #Crypto
🦈 📉
