Ruudv
--
Bullish
$MERL
{future}(MERLUSDT)
♨️🧭Recommended Strategy:
☕️Conservative Entry (Preferred): Wait for a pullback to the $0.39-0.41 zone (daily support cluster) before initiating new long positions. This offers better risk/reward with 20-30% upside to $0.52-0.55 resistance.
☕️Aggressive Traders: If you must enter now, use tight stops at $0.44 (recent support) and take partial profits at $0.50-0.51. The negative funding rate suggests shorts are underwater—potential for a squeeze higher, but sustainability is questionable.
☕️Futures Consideration: The spot-futures basis is -2.7% (futures trading at $0.4507 vs. spot $0.4777), indicating futures are discounting near-term pullback risk. This negative basis makes spot-buying more attractive than futures longs.
#dyor
{future}(MERLUSDT)
♨️🧭Recommended Strategy:
☕️Conservative Entry (Preferred): Wait for a pullback to the $0.39-0.41 zone (daily support cluster) before initiating new long positions. This offers better risk/reward with 20-30% upside to $0.52-0.55 resistance.
☕️Aggressive Traders: If you must enter now, use tight stops at $0.44 (recent support) and take partial profits at $0.50-0.51. The negative funding rate suggests shorts are underwater—potential for a squeeze higher, but sustainability is questionable.
☕️Futures Consideration: The spot-futures basis is -2.7% (futures trading at $0.4507 vs. spot $0.4777), indicating futures are discounting near-term pullback risk. This negative basis makes spot-buying more attractive than futures longs.
#dyor
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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