$MERL — LONG LIQUIDATION ALERT
$4.87K LONGS WIPED at $0.4407
Market Read:
Heavy long liquidation = distribution confirmed
Smart money hunting lower liquidity zones
Bias: Bearish continuation
Trigger: Breakdown below $0.435 = fast downside
Targets:
• TG1: $0.420
• TG2: $0.405
• TG3: $0.382
Invalidation: Daily close above $0.455
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