🚀 $MERL Long Setup Alert, Bull Analysis
$MERL /USDT is consolidating after a rebound from the 0.2306 demand low and a rejection at 0.2681. With price holding the 0.2452 support and attempting to base, a move back toward the 0.2535–0.2617 resistance zone looks probable.
📊 Market Snapshot
Timeframe Analyzed: 1H
Current Price: 0.24847
24h High: 0.26813
24h Low: 0.23055
Volume: 91.95M MERL (23.08M USDT)
📌 Key Levels to Watch
Support: 0.2480, 0.24521, 0.23694, 0.23055
Resistance: 0.25347, 0.26174, 0.26813
🎯 Trade Setup
Entry Zone: 0.24450 to 0.24880
TP1: 0.25347
TP2: 0.26174
TP3: 0.26813
SL: 0.23650
⚠️ Invalidation
Setup invalid if MERL prints an hourly close below 0.23694 (breaks the base support and weakens the bounce structure).
✨ Summary
Bullish consolidation play. As long as price stays above 0.24521–0.23694, the path toward 0.26174–0.26813 remains in play. Watch for a break & retest of 0.25347 with volume expansion.
