$MERL
MERL continues to respect a clean bullish market structure on the 5-minute chart. Price has advanced through a series of higher lows and higher highs, absorbing two distinct pullbacks before launching a fresh impulsive leg that has broken above the prior swing high near $0.0316$. The latest expansion shows strong vertical momentum with a decisive close near the session peak.
EP: $0.0320
TP1: $0.0330
TP2: $0.0342
TP3: $0.0355
SL: $0.0308
Trend strength remains firmly bullish as each corrective phase has been bought aggressively, preserving the ascending sequence. Momentum is constructive, with the most recent candle delivering clear displacement above the prior range and leaving little immediate overhead supply. Structure bias favors continuation higher because liquidity resting above the $0.0316$–$0.0320$ zone is now being targeted; sustained acceptance at these levels opens the path toward the next measured extensions while the stop sits safely below the origin of the latest impulse.
$MERL
MERL continues to respect a clean bullish market structure on the 5-minute chart. Price has advanced through a series of higher lows and higher highs, absorbing two distinct pullbacks before launching a fresh impulsive leg that has broken above the prior swing high near $0.0316$. The latest expansion shows strong vertical momentum with a decisive close near the session peak.
EP: $0.0320
TP1: $0.0330
TP2: $0.0342
TP3: $0.0355
SL: $0.0308
Trend strength remains firmly bullish as each corrective phase has been bought aggressively, preserving the ascending sequence. Momentum is constructive, with the most recent candle delivering clear displacement above the prior range and leaving little immediate overhead supply. Structure bias favors continuation higher because liquidity resting above the $0.0316$–$0.0320$ zone is now being targeted; sustained acceptance at these levels opens the path toward the next measured extensions while the stop sits safely below the origin of the latest impulse.
$MERL