Merl Coin (MERL) Trading Plan — Today
Current Price: ~$0.1207 (⬆️ 5.8% in 24h)
Key Levels:
🛡️ Support: $0.1136
🚧 Resistance: $0.1213
Strategy:
🛒 Buy on dip near $0.114 if price holds and shows bullish reversal signals (e.g., strong bounce or bullish candle)
🎯 Take profit near resistance zone $0.121–$0.123 for short-term gains
🛑 Stop-loss: Set at $0.112 to manage downside risk
Risk Management:
⚖️ Risk only 1–2% of total capital per trade
🧠 Consider using a trailing stop if price breaks above $0.121 to lock in profits
📰 Monitor overall crypto market sentiment and Bitcoin price moves, as MERL may be influenced by broader trends
