$MERL is facing heavy rejection at the EMA cluster, confirming a bearish continuation.
Short MERL: 0.060 – 0.0615
SL: 0.0645
TP1: 0.0585
TP2: 0.0520
TP3: 0.0455
Struggling below the EMA(7) and EMA(25), turning previous support into heavy resistance.
Momentum is weak with RSI (34) failing to spark a meaningful relief rally.
Expect a retest of the range lows as sell volume continues to outpace buying pressure.
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MERLUSDT
Διην.
0.05045
-4.64%