🚨 $MERL USDT FLASH CRASH OPPORTUNITY? – SHORT SETUP ALERT! 🚨
$MERL just dumped -13.5% in a brutal move, hitting 0.36967 USDT after touching highs near 0.434! 😱
The chart shows heavy selling pressure:
Big red candle breaking below key support
RSI(14) at ~46 (neutral, room to fall further)
RSI(6) deep at ~32 (short-term oversold, but momentum still bearish)
MACD negative with widening histogram
Price hugging lower Bollinger Band after rejection from middle band
📉 BEARISH FORECAST – SHORT TRADE IDEA
This looks like a strong continuation down after the sharp rejection. Momentum favors bears right now!
Suggested Short Position (Futures):
Entry: Current market ~0.369 – 0.372
Take Profit 1: 0.342 (first support zone) ~7–8%
Take Profit 2: 0.320 (deeper target) ~13–15%
Stop Loss: 0.395 (above recent high / invalidation) ~6–7% risk
High volatility altcoin like $MERL (Bitcoin L2 gem) can move fast – perfect for quick scalps! ⚡
Risk only what you can afford – always use proper leverage & DYOR!
Who’s jumping on this dip-short? Drop 🔥 if you’re in!
#MERL #MERLUSDT #Binance
#CryptoTrading #Altcoin #BitcoinL2
#ShortSetup #TradingSignals #CryptoNews #BinanceSquare