$MERL is bullish. This is breakout continuation, not a tourist pump.
4h is pressing local highs with price above MA7/MA30/MA200, while the 15m keeps printing higher lows instead of puking the move back. Add the end-of-April BTC Staking Phase 3 deadline and the broader Merlin ecosystem push, and the market has a live reason to keep bidding attention here.
Bias: Long
Entry: 0.0448–0.0462
SL: 0.0426
TP1: 0.0490
TP2: 0.0525
TP3: 0.0560
I’d rather buy a tight pullback than wait for some fantasy reset that never comes.