$MERL 🚀 🚀 BULLISH MOMENTUM 🔥 🔥
🧠 MERL Trade Setup @ $0.1486
🔹 24h Volume: $312M — 🚀 Exceptionally high, indicating major interest (possibly whales or coordinated retail)
🔹 Sector/Narrative: AI-Utility Token — 🧬 riding a speculative + tech-driven trend.
📈 Technical Analysis Snapshot
Indicator Reading
RSI (1D) 62 — ⚠️ Slightly overheated but not extreme
MACD Bullish crossover — 📈 continuation likely
EMA 20/50 Price above both — ✅ Bullish structure intact
Volume Trend Climbing — 🟢 confirms trend strength
Key Support $0.1400 🛡️
Major Resistance $0.1600 🔐 then $0.1750 🚪
🎯 Trade Strategy
🟢 Scalp Plan — "Flash Grab"
Entry: $0.145–$0.147 🎯
TP1: $0.155 📌
TP2: $0.159 🎯
SL: $0.141 🚫
🧠 “Quick in, quick out. Respect volume spikes.”
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🟠 Swing Plan — "Momentum Ride"
Entry: Accumulate on dips $0.143–$0.146
TP1: $0.160
TP2: $0.175 (on volume breakout)
SL: $0.138 (dynamic SL under rising support)
📈 “Ride the waves with tight control
🧠 Final Insight
MERL at $0.1486 is showing strong technical momentum, backed by AI sector hype and high liquidity. This setup favors agile scalping, momentum swing trades, and low-cost position entries.