🎯 $MERL
base breakout developing as higher-timeframe pressure shifts.
LONG: MERL
Entry: 0.059 – 0.060
Stop-Loss: 0.0578
TP1: 0.0635
TP2: 0.0654
TP3: 0.0678
MERL is transitioning out of its broader downtrend after establishing a rounded accumulation base on the D1 timeframe. The recent structure break signals a potential shift from corrective action into early-stage expansion.
On H4, moving averages are starting to curl upward while RSI continues to strengthen, reflecting improving momentum and sustained buyer interest. Price compression above the reclaimed support zone reinforces the bullish continuation scenario.
As long as 0.0578 remains protected, the setup favors further upside progression toward the outlined liquidity targets near the 0.07 resistance area.
Trade $MERL here 👇
