🚨 $MERL Strategy: The L2 Liquidity Rebound
The initial "markup phase" hit a ceiling at $0.040, but the bulls have successfully defended the $0.0317 wick low. We are sniping the relief bounce as price attempts to reclaim the $0.038 resistance.
Entry Zone: $0.0345 – $0.0358 (Near the MA-99 confluence)
TP1: $0.0387 (Structural resistance flip)
TP2: $0.0406 (Retest of the session high)
TP3: $0.0450 (Psychological target / L2 narrative peak)
Stop Loss: $0.0325 (Hard exit below the recent liquidity sweep)
Trade Logic:
Price is currently resting exactly on the MA-99 ($0.03565). This is a "Golden Cross" or "Death Cross" pivot point. Since the price is holding above the MA-7 ($0.0349), the short-term momentum is shifting bullish. I am looking for a volume-backed breakout above $0.036 to confirm the next leg up. With a 24h volume of $14.43M, the liquidity is deep enough to sustain a 10-15% expansion.
#MERL #MerlinChain #TalhaSniper #SmartMoneyStrategy #smartmoney
