$MERL Short liquidation at $0.04352 shows bears got squeezed, meaning price likely pushed up briefly and liquidity above got taken. This often creates a short-term bullish move, but can also lead to a reversal after the spike.

Current Bias:

Short-term: Bullish momentum (after squeeze)

Possible next move: Pullback after liquidity grab

Trade Setup (Short Opportunity after retrace):

Entry Zone: $0.0440 – $0.0455

Target 1: $0.0415

Target 2: $0.0398

Stop Loss: $0.0470

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MERLUSDT

Trvl

0.03975

+7.63%