🤔 $MERL — Bullish Daily vs Bearish 4H?
📈 Daily: Stoch RSI golden cross is a positive momentum signal and could support a broader recovery.
⚠️ 4H: The possible double-top structure is the warning sign. If neckline/support breaks, the short-term setup could turn bearish.
👀 My take: Let the 4H confirm first. Breakout = bullish continuation; breakdown = possible pullback. Don't trade the pattern before confirmation.
DYOR.#BIP110SoftForkAttemptBegins ##BIP110ForkSignalingExpectedThisWeekend #IraqOilExportsFall75%
📈 Daily: Stoch RSI golden cross is a positive momentum signal and could support a broader recovery.
⚠️ 4H: The possible double-top structure is the warning sign. If neckline/support breaks, the short-term setup could turn bearish.
👀 My take: Let the 4H confirm first. Breakout = bullish continuation; breakdown = possible pullback. Don't trade the pattern before confirmation.
DYOR.#BIP110SoftForkAttemptBegins ##BIP110ForkSignalingExpectedThisWeekend #IraqOilExportsFall75%