📢 TRADING SIGNAL (Spot)

$MERL / $USDC

⚠️ Time: BEARISH 🔴

👉 Entry Zone: 0.46 - 0.48

🎯 Targets:

● Target 1: 0.42

● Target 2: 0.38

● Target 3: 0.33

❌ Stop Loss: 0.50

🔎 Analysis:

•#Merlinchain #merl has experienced a recent spike of 5% over 24 hours and 33.6% for the week, but technical indicators show bearish divergences and potential retracement after a peak of $75 million, signaling risks of decline.

•The upcoming token unlock on December 19 may increase selling pressure, with key support at $0.3345, which if breached, could lead to further declines towards $0.3287 or lower.

•Overall, the short-term outlook is bearish due to weakening momentum and market corrections.

⚠️ This is not financial advice.