📉 $MERL — Bearish Pullback Confirmed
$MERL has confirmed a downside pullback after losing bullish momentum. Price structure favors further weakness, with sellers showing increasing control. As long as price remains below the invalidation level, continuation to the downside is favored.
🔻 Short Trade Setup:
• Entry: 0.06193
• Targets:
TP1: 0.05800
TP2: 0.05400
• Stop‑Loss: 0.06553
📊 Market View:
The breakdown signals a shift in short‑term momentum. Failure to reclaim higher levels keeps bearish pressure active, making pullbacks suitable for short‑side opportunities.
Trade with confirmation, respect risk levels, and manage positions with discipline.
MERLUSDT
Perp
0.04905
-6.87%