🧙♂️ $MERL BULLISH BASE FORMING – UPSIDE MOMENTUM BUILDING 🧙♂️
Merlin Chain (MERL) is consolidating above the $0.254 support level, showing signs of controlled accumulation. Despite low short-term volatility, volume holding above MA(5) suggests buyers are quietly stepping in, setting the stage for a potential breakout toward higher resistance. Structure remains intact and momentum favors upside continuation.
💹 TRADE SETUP
Entry Zone: $0.252 – $0.256
Take Profit 1: $0.260
Take Profit 2: $0.268
Take Profit 3: $0.275
Stop Loss: $0.247
📈 SHORT MARKET OUTLOOK
Momentum is neutral-to-bullish on 15m–1h timeframes, with MA(5) trending toward MA(10) signaling early strength. Key support at $0.252–$0.254 must hold to maintain bullish structure. A reclaim above $0.260 would confirm the setup and open the door for a push toward $0.268–$0.275. Loss below $0.247 invalidates the scenario. #USNonFarmPayrollReport #CPIWatch #WriteToEarnUpgrade #BTCVSGOLD #USJobsData