$MERL Long Liquidation: $2.4189K at $0.40539
MERL faces a strong long liquidation at $0.40539, showing that buyers were unable to hold support as sellers stepped in with firm downward pressure. This liquidation flush forces trapped longs to exit rapidly, accelerating the decline and giving bears short-term dominance. The sweep clears out weak long positions, leaving the chart vulnerable to deeper downside unless buyers return with strength.
EP: $0.40539
TP: $0.38972
SL: $0.41384
With bullish momentum cooling and sellers tightening their grip, $MERL leans toward a short-term bearish continuation unless demand reclaims key levels.
#WriteToEarnUpgrade #BinanceBlockchainWeek #TrumpTariffs #CryptoRally
