$MERL Pullback?
On the 4-hour chart, momentum weakened after a sharp rally, and the price dipped lower. If the 0.035 region is lost, selling pressure could extend toward the lower band.
For now, the structure appears to be breaking down from the top.
Support: 0.0346 / 0.0299
Resistance-Target: 0.0399 / 0.0440
Funding: 0.00346%
NFA. Do you think this is just a correction, or will the downtrend continue?