$MERL showing signs of exhaustion near resistance



Short $MERL

Entry: 0.0365 – 0.0375
SL: 0.0395

TP1: 0.0350
TP2: 0.0340
TP3: 0.0325
TP4: 0.0300

Why:
Price pushed up strongly from 0.0308 but is now struggling to break and hold above the 0.037 resistance zone. Multiple rejections at the top with wicks suggest selling pressure. This setup often leads to a pullback unless a strong breakout above 0.0385 happens.

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{future}(MERLUSDT)
MERL8.41%
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