$MERL — Accumulation Base Signals Mid-Term Bullish Momentum
Long $MERL
• Entry: 0.0520 – 0.0550
• Stop Loss: 0.0475
Targets:
• TP1: 0.0650
• TP2: 0.0800
• TP3: 0.1050
• TP4: 0.1500
$MERL is forming a strong daily accumulation base after an extended downtrend, signaling exhaustion and potential reversal. A break and hold above 0.0600 can trigger mid-term momentum expansion toward higher supply zones. The structure suggests high-probability continuation while keeping risk clearly defined.
The bullish bias remains valid as long as MERL holds above 0.0475. This setup provides a structured long entry with well-defined upside targets and clear risk management.
Trade MERL here 👇
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