MERL is now 0.023500, with a little more story than yesterday and a little less certainty.
In crypto, one day is like a year; when others are fearful, Iโm watching for the possibility of 0.023670 breaking through.
I think this pullback is a shakeout, not the end.
MERL current price 0.023500, 24h +12.6%, RSI 62.5. Iโm not chasing hereโthe levels are clear: 0.023670 is resistance; if it canโt get through, Iโll reduce. 0.022480 is support; if it retests on lower volume and stabilizes, Iโll try a small position, with the stop-loss a bit below 0.022480.
Position size matters more than direction. For the same trade, full position vs. 20% position can mean completely different mindset and results.
I only act at levels I understand; if I donโt understand it, I wait. How do you usually judge this kind of setup?
If I were holding at this level, I would have already placed my stop-loss.
#MERL #trading diary