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🔥 MERL Market Recap – Today
🧠 Market View
MERL is under selling pressure while many alts are moving up → clear relative weakness.
📊 Highlights
* MERL: 0.03664 (−6.1%) → downside move with weak demand
📊 Market Structure
Price continues to trend down → bearish continuation
No signs of strong support yet
⚠️ Notes
* Weak compared to other alts
* Possible further downside if no bounce
* Avoid catching falling knife
🚀 Conclusion
👉 Bias: bearish
👉 Avoid longs for now
👉 Wait for base formation or clear reversal before considering entry
⸻
#MERL #CryptoTrading #Altcoins #MarketRecap #Bearish #PriceAction #OKX #CryptoMarket #TradingTips #Downtrend 🔥$MERL
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