$MERL
Proposed Buy Order Details (Long Setup)
Order Type: Pending Limit Order
Entry Zone: Between 0.016350 and 0.016450 (Buy near the last bottom to ensure the lowest possible risk).
Targets (Take Profit):
First Target: 0.016950 (Current price area and secondary resistance).
Second Target: 0.017350 (First major resistance level).
Third Target: 0.017950 (Near the previous peak).
Stop Loss: Close the candle below 0.016100 (Breaking this level completely invalidates the buy idea).
Proposed Buy Order Details (Long Setup)
Order Type: Pending Limit Order
Entry Zone: Between 0.016350 and 0.016450 (Buy near the last bottom to ensure the lowest possible risk).
Targets (Take Profit):
First Target: 0.016950 (Current price area and secondary resistance).
Second Target: 0.017350 (First major resistance level).
Third Target: 0.017950 (Near the previous peak).
Stop Loss: Close the candle below 0.016100 (Breaking this level completely invalidates the buy idea).