After holding strong above the recent support at $0.365, $MERL has shown a clean breakout candle with higher lows forming consistently. The current move to $0.3817 (+2.41%) confirms renewed buying strength, indicating the continuation of a bullish trend. As long as price stays above $0.372, momentum is likely to push higher toward the next resistance zone.

Trade Setup:

Entry Range: $0.378 – $0.382

Target 1: $0.395

Target 2: $0.408

Target 3: $0.425

Stop Loss (SL): $0.368

Market Outlook:

Momentum favors the bulls — buyers are in control, and continuation toward the $0.40–$0.42 zone looks likely if volume sustains.