$MERL Accumulation Phase or Breakdown Risk? š
$MERL is hovering near $0.084 after dipping to a 24h low of $0.0822. Price action shows consolidation with lower volatility, hinting at a possible accumulation zone. If bulls defend the $0.083 range and push above $0.086 resistance, a short-term bounce is likely. But failure to hold current support could lead to a deeper pullback.
š Trade Setup
ā¢ Entry: $0.0840 ā $0.0845
ā¢ TP1: $0.0865
ā¢ TP2: $0.0880
ā¢ TP3: $0.0895
ā¢ SL: $0.0820
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