$MERL This trend looks terrible, the bulls are already gasping for breath!
The bears have completely taken control of the situation. $MERL has tried three times to break through the $0.50 barrier, and each time has been slapped back down! $0.50 is now an iron ceiling, and the bulls simply cannot break through.
From a technical perspective, each time there is a surge in volume, it is due to funds locking in profits, rather than real buying pressure driving things up. This is clearly a signal for unloading at high prices; thinking about a rebound in the short term? Forget it, the risks outweigh the rewards.
#MERL
The bears have completely taken control of the situation. $MERL has tried three times to break through the $0.50 barrier, and each time has been slapped back down! $0.50 is now an iron ceiling, and the bulls simply cannot break through.
From a technical perspective, each time there is a surge in volume, it is due to funds locking in profits, rather than real buying pressure driving things up. This is clearly a signal for unloading at high prices; thinking about a rebound in the short term? Forget it, the risks outweigh the rewards.
#MERL
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MERLUSDT
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