A $1.35K SHORT liquidation just triggered at $0.05999, forcing bearish positions to close and easing short-term selling pressure. This type of liquidation often acts as a momentum spark once price holds above the trigger level.

With shorts flushed, $MERL is now trading at a key reaction zone. If buyers maintain control and volume confirms strength, $MERL could extend higher from here. Failure to hold may lead to brief consolidation before continuation.

Trade Setup

EP: 0.0588 – 0.0612

TP1: 0.0645

TP2: 0.0715

TP3: 0.0825

SL: 0.0565

Short liquidations can flip momentum quickly — let price action confirm direction.

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