$MERL /USDT – BULLISH CONTINUATION SETUP
is showing strong bullish momentum after holding key support zones and forming a higher low. Price structure suggests buyers remain in control, with potential continuation toward higher resistance levels.
Market Structure & Technical Outlook
Trend remains bullish across 15m, 1h, and 4h timeframes
Higher highs and higher lows structure intact
EMA and MA acting as dynamic support, confirming uptrend
Bollinger Bands expanding, signaling trend continuation
Volume confirms active buying interest
Trade Plan (LONG SETUP)
Entry Zone: 0.420 – 0.437
Targets:
TP1: 0.447
TP2: 0.460
TP3: 0.475
Stop Loss:
SL: 0.400 (below key demand and structure support)
Outlook:
Bullish continuation expected as long as price holds above the demand zone. Partial profits at TP1 and trailing stop after TP2 recommended for risk optimization.
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