$MERL reactive setup (Long)

Confidence class: 🏠 Home Run

Open interest is up +1.56% across 4h, supporting the thesis. Conviction volume at 4.16x average confirms directional intent. A sharp +25.68% displacement is visible, and the framework remains intact.

Structure: Range-bound structure

High attention pair today — 25.7% move on the session as a gainer.

Entry: 0.036456 - 0.038326

Support/Resistance: 0.03573 | 0.046766

Targets:

🎯 TP1: 0.04285 (+14.60%)

🎯 TP2: 0.046766 (+25.07%)

🎯 TP3: 0.051606 (+38.02%)

❌ Invalidation: Below 0.034313

Open the chart below and execute 📊 #merl #technicalanalysis