$MERL is beginning to show a strong structural reversal after breaking its long-term downtrend on the daily timeframe. The price is forming a solid accumulation base, which often signals the
transition from correction to expansion.
📊 Trade Setup:
• Entry Zone: 0.059 – 0.060
• Stop-Loss: 0.0578
• TP1: 0.0635
• TP2: 0.0654
• TP3: 0.0678
⚡ On the H4 timeframe, EMA lines are turning upward while RSI is recovering, confirming increasing bullish momentum and growing buyer strength. This multi-timeframe alignment supports the probability of a continuation toward the 0.07 resistance zone.
As long as 0.0578 holds, the bullish structure remains valid. Manage risk properly, use controlled leverage, and always follow your trading plan.