Merlin chain has lost all investor and buyer confidence. There exist a couple of issues surrounding the Layer 2 ecosystem. Merlin can, however, provide a good entry point at $0.23 to 0.25 area—a probable long, if all the end-of-May updates are to be taken positively by the community. Also, the entry price is a safety net, considering the linear unlock mechanism designed to release tokens monthly.
NOTE: Not Financial Advice.
NOTE: Not Financial Advice.
Trade closed manually
invalidated . will watch for merlin's capacity to break 0.65 and 0.85. if it breaks upper support then it will have completed the trend reversal and will be bullish .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.