Strong buying pressure is backing a solid structural continuation leg as bulls defend key moving averages.
$MERL – LONG
Trade Plan:
Entry: 0.02980 – 0.03100
SL: 0.02850
TP1: 0.03280
TP2: 0.03480
TP3: 0.03750
Why this setup?
Price is consolidating in a healthy continuation range directly above key moving average support lines.
Momentum indicators confirm steady bullish expansion with MACD holding positive and RSI stabilizing in strength.
Order flow and whale metrics show strong accumulation backing the upward trend continuation.
— Hazel Trades 🌸
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