$MERL 🚀✨ MERL (Merlin Chain) – Bullish Continuation Setup! ✨🚀

💰 Current Price: ~$0.417

📊 Timeframe: 1D

📈 Trend: Bullish (Higher Structure Holding)

🔍 Technical Analysis Breakdown:

✅ Moving Averages:

Price holding above MA(7) & MA(25) 🟢

MA(7) > MA(25) → short-term bullish momentum 💪

MA(99) acting as strong dynamic support 📈

✅ RSI (6): ~61

Strong bullish zone

No overbought yet → upside still open 🚀

✅ MACD:

Bullish crossover maintained

Histogram positive → momentum building 🔥

✅ Price Action:

Higher low structure intact 📐

Healthy pullback followed by bounce

Market absorbing selling pressure 💎

🛡️ Key Support Zones:

$0.39 – $0.40 (Primary Support)

$0.35 (Strong HTF Demand Zone)

🎯 Targets (Spot Focused):

🥉 Target 1: $0.45

🥈 Target 2: $0.52

🥇 Target 3: $0.59 – $0.61 🚀🔥

📌 Break & hold above $0.45 will open fast move towards previous high 💥

⚠️ Invalidation:

Daily close below $0.35 ❌

Above this → trend remains bullish 🟢

🧠 Trading Advice:

Accumulate near supports 🧲

No emotional trading ❌

Let the structure play out ✅

🔥 Conclusion:

MERL is showing strong bullish recovery, solid indicator support, and clear upside targets.

Spot holders can HOLD with confidence & trail profits 📈💎

🚀📊 DYOR | Manage Risk | Trade with Patience 📊🚀#BinanceAlphaAlert