Merlin Chain $MERL

Price swept liquidity below 0.0615 and printed a fast rejection wick, signaling short-term seller exhaustion after an aggressive downside expansion.

Momentum is still weak on higher intraday structure, but the sharp bounce suggests a relief move is possible if 0.0615 holds as a defended low.

Trade Decision: Counter-trend long for intraday rebound.

EP: 0.0618 – 0.0624

TP: 0.0638 | 0.0650

SL: 0.0609

TG1: 0.0638

TG2: 0.0650

TG3: 0.0662

If 0.0615 remains protected on pullbacks, a continuation toward the 0.0645–0.0660 supply zone is likely.

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