$MERL The rally at high levels is losing momentum, and decreasing volume with stagnation suggests a risk of a pullback.


Short $MERL immediately

Entry: 0.05300 – 0.05380

Stop Loss: 0.05500

Target 1: 0.05000

Target 2: 0.04960

Target 3: 0.04600

After the price rises to a recent high, buying pressure clearly cannot keep up, and shrinking trading volume indicates insufficient upward momentum. This fatigue gives sellers an opportunity; as long as the price cannot break through the resistance above, downward pressure may quickly increase, triggering a deeper correction. The liquidity feels heavy, and seller strength is building.

Trade $MERL here 👇
MERL5.01%
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