🚀 $MERL Bullish Breakout Setup After Long Liquidation
$MERL just flushed over-leveraged longs with a liquidation hit at $0.42399, clearing more than $1K from the book. These moves usually reset momentum and prepare the chart for a healthier upside attempt.
Market Structure
Price is stabilizing inside the $0.410 – $0.420 demand pocket where buyers are stepping in quietly. This zone has held multiple probes, showing accumulation rather than distribution.
Trade Plan
EP: $0.415 – $0.425
TP: $0.455 → $0.488 → $0.525
SL: $0.398
Sentiment
After the liquidation sweep, funding has cooled and open interest trimmed, creating space for a controlled breakout. A firm hold above $0.430 can invite trend traders back into MERL.
Keep risk tight, let price reclaim structure, and trade the momentum shift.
MERLUSDT
دائم
0.45711
+6.32%