$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

---

Follow me: Get more real-time analysis and insights into the crypto market!
#Gate广场创作者新春激励 #黄金白银再创新高 #特朗普取消对欧关税威胁 #GateWeb3正式升级为GateDEX
MERL-20,33%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
CryptoWorldLegendBro3vip
· 4h ago
2026 Go Go Go 👊
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)