$MERL up 11.8% over the last 24h. RSI 93 reads overbought. support 0.02400 holds 26.5% below. ATR 4.0% keeps volatility elevated. trend is strong but RSI is overbought, chasing is poor risk; a pullback toward support is the better entry

Setup type: Long
Entry: $0.031752-$0.032263
TP1: $0.035844
TP2: $0.037763
TP3: $0.039681
SL: $0.030089