$MERL is up 14 percent but can this micro cap keep pushing higher
The price is heating up but smart traders focus on structure not just pumps
Let’s break it down
Current snapshot
Price is around 0001326
Up 14 point four eight percent in the last 24 hours
Strong move but volume is still light so caution is important
Technical view on the 1 hour chart
Price recently broke above micro resistance at 000117
No major rejection momentum is still in control
RSI is nearing overbought but no divergence yet
Trade plan if pullback happens
Watch for pullback zone between 000117 and 000110
Buy only if support holds near 000115
Stop loss at 000107 to manage risk
Targets to watch
First target 000138
Second target 000152
Third target if trend continues 000170
Why this makes sense
Buy strength with structure not random green candles
Entry is below current price which lets the chart come to you
Risk is clearly defined and low
Psychology reminder
Do not chase spikes
Let price come into your zone
Smart trading is about patience not speed
Final thought
MERL may be a micro cap but price action shows maturity
If buyers defend pullbacks a fresh leg up could follow
No need to rush or FOMO
Plan your trade and wait for the right moment
Disclaimer
This post is for information only not financial advice
Research well before investing
Manage your risk and avoid emotional or greedy moves
Use stop loss tools to protect yourself
Crypto markets are risky past results do not guarantee future gains
