๐ $MERL /USDT under selling pressure... Will it break the support? ๐จ๐
MERL is trading at $0.1544, down -6.37% over the last 24 hours, nearing its daily low of $0.1538.
Bears are in control, and a breakdown below $0.1530 could push the price towards $0.1500, while a recovery above $0.1580 could ignite a rebound towards $0.1650.
๐น Trade Setup:
โ Short Entry: 0.1560 โ 0.1580
โ Target: 0.1500
โ Stop Loss: 0.1610
โ Critical Support: 0.1530
๐ Monitor this area closely, as a breakout or bounce will determine the next direction for MERL
๐ก Risk management is essential, especially with current market volatility
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MERLUSDT
Perp
0.03781
-3.25%