🚨 $MERL USDT SHORT SETUP – Oversold Bounce Fading! Bearish Momentum Building 🔥

$MERL is bleeding hard – down -16.69% today and trading at ~0.355 USDT after hitting a 24h high of 0.433! 😱

The chart screams caution:

• Price smashed through the lower Bollinger Band and struggling below the middle line

• RSI(6) deep in oversold territory ~28 → exhaustion but no strong reversal yet

• RSI(14) at ~44 and declining

• MACD showing bearish pressure with negative values and histogram weakening

• L.S Ratio 0.83 → sellers dominating (S: 54.65%)

• Volume spike on the dump + long liquidation zone approaching

This looks like a classic post-pump correction in the Bitcoin L2 token – momentum is still to the downside!

📊 SHORT TRADE IDEA (High Risk – High Reward):

Entry: Now / around 0.355 – 0.358 USDT

Take Profit 1: 0.330 USDT (+~7–8%)

Take Profit 2: 0.305 USDT (+~14–15%)

Stop Loss: 0.385 USDT (protect against sudden BTC pump reversal)

Risk only what you can afford – leverage wisely! DYOR & trade smart ⚠️

Who’s jumping on this bearish wave with me? Drop 🔥 if you're shorting $MERL!

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