📈 Merlin Chain ($MERL ) — Counter-Trend Bounce Setup

🔵 $MERL /USDT — LONG (Scalp / Intraday)

Entry: 0.062417 – 0.063403 🟩
Stop Loss: 0.059952 🛑

🎯 TP1: 0.065868
🎯 TP2: 0.066854
🎯 TP3: 0.068826

• 4H long trigger forming

• Daily trend still bearish (counter-trend context)

• 15M RSI at 35.55 → near oversold conditions

• Tight entry band → defined risk box

This is not a macro trend reversal call — it’s a local bounce play within a broader downtrend.

If price stabilizes above 0.0624 and reclaims short-term structure, the first liquidity pocket sits at 0.0658.

Acceptance above TP1 increases odds of a push toward 0.0688.

MERLUSDT

Perp

0.06086

-5.17%

MERL

Alpha

0.061001

-5.88%