Is a short opportunity coming? Did you catch this wave of correction?
Guys, keep a close eye! $MERL latest price 0.34051, although the 24h increase is +6.47%, multiple key signals are flashing!
The technical side has sounded the alarm:
· The current price of 0.34051 has broken below the 144-day MA line of 0.34545, forming a key resistance
· Four major moving averages are densely pressed in the range of 0.348-0.353, with huge upward pressure
· In the MACD indicator, DIF(0.00761) has crossed above DEA(-0.00802), but the histogram is only 0.01562, indicating weak momentum
The market language tells you:
The 24h low dropped to 0.20132, indicating a fragile bull defense. Although it has rebounded to around 0.34 now, the trading volume MA(5) has fallen below MA(10), and buying power is weakening. The marked price of 0.34069 forms an inverted relationship with the current price, turning market sentiment cautious.
Key position grasp:
The upper level of 0.345 serves as a dividing line for bulls and bears. If it can break through with volume, then shorts need to be cautious. However, if it continues to be blocked in the range of 0.341-0.344, combined with a decrease in volume, it could very likely be a precursor to a new round of decline.
Special note: The 24h trading volume of 954 million indicates high capital attention, and volatility will increase. It is recommended to lightly short in the range of 0.342-0.344, with a stop-loss if it breaks through 0.35.
This content is for information sharing only and does not constitute any form of investment advice; always participate with small funds, set strict stop-losses, and keep sufficient funds on hand to cope with the market's volatile conditions!