$MERL

MERLBSC
MERLUSDT
0.04941
-3.85%

— liquidity sweep into support, bounce setup forming.

Long MERL

Entry: 0.0530 – 0.0545

SL: 0.0498

TP1: 0.0568

TP2: 0.0585

TP3: 0.0615

$MERL dipped into the lower support zone and quickly reclaimed key levels, signaling strong demand absorption. Selling pressure failed to follow through while price continues to hold above structure support.

This price behavior suggests a corrective move completion, favoring continuation toward overhead resistance if the base remains intact.

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