📉 $MERL Strategy: Fading the Beta Lift
The "Short Team" is currently up +99% on the recent rollover, and the charts suggest the downside momentum isn't finished. We are sniping the rejection at the $0.025 resistance as the broad market rally begins to lose steam.
Entry Zone: $0.0253 – $0.0261 (Resistance Re-test)
Target 1: $0.0238 (Immediate Support)
Target 2: $0.0221 (Recent All-Time Low)
Target 3: $0.0199 (Macro Capitulation Floor)
Stop Loss: $0.0279 (Above Recent Wick High)
Trade Logic: $MERL is currently underperforming the broader market rally, indicating it is catching a "beta lift" rather than internal demand. Trading volume has fallen 36%, and the 4H moving averages (MA50 & MA200) are both trending downward in a "Strong Sell" alignment. While the MACD shows a minor bullish crossover, the lack of volume confirmation suggests this is a "dead cat bounce" meant to trap late buyers before a move toward the $0.020 psychological floor.
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