I was explaining earlier that $MERL $0.11335 was struggling to maintain momentum, and this long liquidation confirms that buyers entered too early. I’m watching how price behaves now and they are stabilizing instead of bouncing strongly. I have done my analysis on structure and this looks like leverage being cleaned, not panic selling. This is why you need to let the market reset before planning continuation.
EP: 0.109 – 0.114
TP: 0.120 → 0.132 → 0.150
SL: 0.104
What’s the condition now? MERL must reclaim 0.120 with strength to flip sentiment again. If you want lower risk, wait for consolidation.
MERLUSDT
Διην.
0.04529
-5.01%