$MERL Long Liquidation: $1.9148K at $0.36088
MERL sees a long liquidation at $0.36088, showing that buyers failed to defend a key support level, leading to forced exits as price slipped lower. This breakdown highlights mounting bearish pressure, with sellers pressing into thin liquidity and gaining full short-term control. Unless a strong bullish reaction forms soon, MERL may continue drifting toward its next support zone as long positions remain vulnerable.
EP: $0.36088
TP: $0.35240
SL: $0.36410**
With long-side momentum weakening and sellers dominating the move, $MERL maintains a bearish tone as the market leans toward further downside continuation.
