$MERL After a volume-driven decline of -19.4%, a clear breakdown structure is present. Combined with high open interest, market logic indicates a risk of long liquidation or main force distribution.
🎯Direction: Short (Short)
🎯Entry: 0.1200 - 0.1230
🛑Stop Loss: 0.1280 (Rigid Stop Loss)
🚀Target 1: 0.1100
🚀Target 2: 0.0980
Price action shows strong selling dominance, with the decline accompanied by high trading volume and high open interest, which are typical weak signals. No effective buying absorption has appeared, and rebounds are weak. The current price zone is an initial position after the release of bearish momentum. A rebound to the entry zone is an opportunity for bears to add positions, with lower targets looking at previous lows and further liquidity zones below.
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【$MERL Signal】Short | Volume Breakout Downtrend
$MERL After a volume-driven decline of -19.4%, a clear breakdown structure is present. Combined with high open interest, market logic indicates a risk of long liquidation or main force distribution.
🎯Direction: Short (Short)
🎯Entry: 0.1200 - 0.1230
🛑Stop Loss: 0.1280 (Rigid Stop Loss)
🚀Target 1: 0.1100
🚀Target 2: 0.0980
Price action shows strong selling dominance, with the decline accompanied by high trading volume and high open interest, which are typical weak signals. No effective buying absorption has appeared, and rebounds are weak. The current price zone is an initial position after the release of bearish momentum. A rebound to the entry zone is an opportunity for bears to add positions, with lower targets looking at previous lows and further liquidity zones below.
Trade here 👇 $MERL
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