$MERL structural reversal forming as accumulation completes.
LONG: MERL
Entry: 0.059 – 0.06
Stop-Loss: 0.0578
TP1: 0.0635
TP2: 0.0654
TP3: 0.0678
MERL is showing early signs of a trend reversal after breaking its long-term downtrend on the D1 timeframe. Price is building a stable accumulation base, suggesting the corrective phase may be transitioning into expansion.
On H4, EMA lines are beginning to turn upward while RSI continues to recover, indicating strengthening momentum and improving buyer participation. This alignment across timeframes supports the case for a potential bullish wave toward the 0.07 resistance zone.
As long as 0.0578 remains intact as invalidation, the structure favors continuation toward the projected upside targets.#TradeCryptosOnX #Write2Earn
MERLUSDT
Διην.
0.05602
-13.44%