$MERL Signal】Short + Volume Breakout



$MERL Volume Crash -20%, price action shows a strong downward trend, accompanied by high open interest, indicating a chain reaction of long liquidation risk.

🎯 Direction: Short (Short)

🎯 Entry: 0.116 - 0.120

🛑 Stop Loss: 0.128 (Rigid Stop Loss)

🚀 Target 1: 0.105

🚀 Target 2: 0.095

$MERL Massive volume decline in a single day, the price has broken away from any recent support structure. High open interest has not significantly decreased during the decline, implying it is not just profit-taking but a trend continuation led by bears. The market shows persistent selling pressure, with each rebound quickly absorbed, and no effective buy support on the lower time frame. Before reclaiming 0.128, the downward path faces minimal resistance.

Trade 👇 $MERL

---

Follow me: Get more real-time analysis and insights on 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-14,04%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • 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)