📍#merl Technical Analysis (2025/07/20)

Daily small bull, 4h medium bear, 1h small bear—short-term bias slightly bearish as price holds key supports.

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#MERL [1h]

Trend: Small Bear Trading below EMAs and pivot midline; DMI favors bears.

🔻 Shorts:

Stop Loss: 0.1070

Add On: 0.1058 (not triggered)

Breakdown Entry: 0.1052

Take Profit: 0.1015, 0.0946

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#MERL [4h]

Trend: Medium Bear Consolidating below 200 EMA, volume and DMI confirm downside pressure.

🔻 Shorts:

Stop Loss: 0.1100

Add On: 0.1045 (not triggered)

Breakdown Entry: 0.1011

Take Profit: 0.1011, 0.0946

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#MERL [1d]

Trend: Small Bull Above 21 EMA and pivot, but still below 200 EMA.

🔹 Longs:

Stop Loss: 0.1030

Add On: 0.1050 (triggered)

Breakout Entry: 0.1340

Take Profit: 0.1340, 0.1899

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[#MERL Strategy Summary]

Recommendations:

1. On 1h, favor shorts around 0.1065–0.1060 with SL at 0.1070.

2. On 4h, add shorts on breakdown at 0.1052 with SL at 0.1100.

3. Daily shows small bull—buy dips near 0.103–0.104 and consider breakout over 0.134.

4. Monitor RSI, ATR and Stochastic divergences to adjust positions promptly.

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