🔴 $MERL BEARS SQUEEZE THE EMA STACK AS VOLUME SURGES DOWNWARD! 📉
Entry: 0.02959 ⚡
Target: 0.0285314 🚀
Stop Loss: 0.0304369 ⚠️
Sellers are firmly in control as price breaks below the entire short-aligned EMA stack with volume pumping 1.78x above average. 📊 Momentum is accelerating rapidly with the 20-candle breakout unfolding cleanly and a negative MACD histogram confirming intense downward pressure. ⚡ RSI is sliding toward oversold territory while ADX prints a strong 30.0 trend reading. 📉
Are you riding this bearish continuation down to the targets or waiting for a lower timeframe retest? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #Bearish #Crypto
🔴 📉
Entry: 0.02959 ⚡
Target: 0.0285314 🚀
Stop Loss: 0.0304369 ⚠️
Sellers are firmly in control as price breaks below the entire short-aligned EMA stack with volume pumping 1.78x above average. 📊 Momentum is accelerating rapidly with the 20-candle breakout unfolding cleanly and a negative MACD histogram confirming intense downward pressure. ⚡ RSI is sliding toward oversold territory while ADX prints a strong 30.0 trend reading. 📉
Are you riding this bearish continuation down to the targets or waiting for a lower timeframe retest? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MERL #ShortSetup #Bearish #Crypto
🔴 📉
