šØ $MERL / USDT SHORT OPPORTUNITY ā BIG DROP IN PROGRESS! šØ
$MERL is bleeding hard right now ā down -21.55% in a brutal sell-off! š Current price hovering around 0.16950 USDT after smashing through support, with the chart showing strong bearish momentum.
Key signals screaming SHORT:
Heavy red candles dominating the 1D timeframe
RSI deeply oversold (6-period ~23.6 / 14-period ~28.9) ā but momentum still downward
L.S Ratio 0.66 with Sellers dominating 60%+ across ratios, positions & accumulated volume
Price broke below Bollinger Bands middle & lower band pressure
Massive -23% today, -33% weekly, -56% monthly ā classic capitulation phase but NO reversal yet!
Trade Idea: SHORT MERLUSDT Now!
Entry ~ 0.1690 ā 0.1700
šÆ Take Profit 1: 0.1550 (+~8-9%)
šÆ Take Profit 2: 0.1420 (+~16-17%)
š Stop Loss: 0.1820 (tight protection above recent minor high)
This looks like continuation of the downtrend ā don't fight the tape when sellers are in full control! Perfect high-risk/high-reward setup for experienced traders.
Trade or SHORT $MERL / USDT Now! Follow & turn š on ā Don't miss the next move! š„
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