$MERL /USDT 4H Trade Setup

Market Insight:

$MERL is showing modest bullish momentum with a +2.95% gain. Volume (827K) is below the 5/10-period averages, suggesting a quiet consolidation phase. Price is sitting right on MA7/MA25 (~0.1256–0.1257), while MA99 support at 0.1145 remains intact. A breakout above 0.1317 could signal continuation of the uptrend.

Entry Zone:

👉 0.1235 – 0.1255

(Buy zone near MA7/MA25 with favorable risk-reward)

Targets:

🎯 Target 1: 0.1317

🎯 Target 2: 0.1380

🎯 Target 3: 0.1450

Stop Loss:

🛑 0.1185

(Below 24h low and minor historical support)

Key Levels:

Support: 0.1237 (local), 0.1193 (24h Low), 0.1145 (MA99)

Resistance: 0.1282 (minor high), 0.1317 (24h High), 0.1380

Pivot Zone: 0.1251 (Current price), 0.1256–0.1257 (MA7/MA25 zone)

Pro Tip:

A tight consolidation near the MAs suggests building pressure. If price holds 0.1250 with low selling volume, it's a strong base for breakout plays. Add on confirmation above 0.1317 with volume spikes. Trail stop just above entry after Target 1.

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