[$MERL Signal] Short + Volume Breakout

2026-01-20 04:24:27

$MERL Forms a breakdown structure after a volume surge, with high open interest and a sharp price drop, indicating that the bulls are being liquidated on a large scale.

🎯 Direction: Short

🎯 Entry: 0.168 - 0.172

🛑 Stop Loss: 0.180 ( Rigid Stop Loss )

🚀 Target 1: 0.155

🚀 Target 2: 0.140

$MERL Daily decline exceeds 22%, with significantly increased volume. This is a typical weak market. The sharp price drop under high open interest is usually driven by leveraged long liquidations or active selling by the main players, rather than a healthy correction. The price has broken away from the main support zone, with no significant buy support below. Any rebound to the previous support zone (now resistance) is a new shorting opportunity.

Trade here 👇 $MERL

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MERL-11,76%

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