$MERL /USDT SHORT
*Entry*: $0.02740 – $0.02770
*Stop Loss*: $0.02880
*Take Profit 1*: $0.02608
*Take Profit 2*: $0.02515
*Take Profit 3*: $0.02443
MERL pumped $0.02443 → $0.02867 24h high, +9.46% today. Now at $0.02719 after a hard rejection with that big red 1h candle. Classic blow-off top: long upper wick at 0.02867, followed by immediate sell-off. Buyers lost momentum above $0.02795 and sellers took control. If $0.02770 fails, first support is $0.02608, then $0.02515, then $0.02443 24h low.
Bigger trend is brutal: -91.73% over 180 days and -34.69% over 90 days. This pump looks like a liquidity grab before continuation down. Volume 4.72M USDT = thin, so moves get exaggerated.
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