$MERL /USDT SHORT TRADE SETUP
$MERL is currently trading at 0.16896, showing significant weakness after a sharp breakdown from the 0.18342 local peak. The 15m chart indicates a series of lower highs and a lack of buying interest as it nears its 24h low of 0.16536. Recent market sentiment across technical indicators remains firmly bearish, with multiple timeframe analyses suggesting a "Strong Sell" signal.
Target Points
TP1: 0.1620
TP2: 0.1550
TP3: 0.1480
Stop Loss
Set stop loss above 0.1780 to manage risk against a potential relief bounce.
Buy and Trade here on $MERL
MERL
Alpha
0.050671
-18.87%