$MERL – Bearish Continuation

Entry: $0.0520 – $0.0535

Stop Loss: $0.0558

Targets: $0.0500 / $0.0475 / $0.0440

Setup: $MERL is making lower highs & lower lows on 1H. $0.0550 support failed with strong selling pressure. As long as $0.0558 holds, downside continuation to $0.0500 is likely. A break below $0.0500 may push toward $0.0475–$0.0440.

Current Price: $0.05283 (-13.59%)

MERLBSC
MERLUSDT
0.03823
-2.27%