Merlin Chain is entering a 'long-short signal resonance' phase for short-term trades. Current price at $MERL is around $0.01978, with a 24h trading volume of about $3.27 million and a market cap of approximately $25.23 million.
Looking at the chart, short-term order block reversals are prompting long attempts, but there's clear strategy divergence: the mid-term structure leans bullish, and conservative traders are better off holding with a break-even strategy; aggressive traders have already taken cross-margin profit actions, indicating that upward selling pressure and profit-taking can't be overlooked.
Next, we need to focus on whether the price can hold the short-term structure during pullbacks; a volume breakout would lend more continuity; otherwise, the chances of consolidation and fake breakouts remain high. #MerlinChain #CryptoMarket
Looking at the chart, short-term order block reversals are prompting long attempts, but there's clear strategy divergence: the mid-term structure leans bullish, and conservative traders are better off holding with a break-even strategy; aggressive traders have already taken cross-margin profit actions, indicating that upward selling pressure and profit-taking can't be overlooked.
Next, we need to focus on whether the price can hold the short-term structure during pullbacks; a volume breakout would lend more continuity; otherwise, the chances of consolidation and fake breakouts remain high. #MerlinChain #CryptoMarket