$MERL Bullish Signal
MERL has finally welcomed a strong “linear ignition” after a prolonged low-level consolidation. This long bullish candle with increased volume not only completely breaks through all short-term moving averages but also directly switches the momentum from “oscillation” to “trend.” Such a large bullish candle usually indicates: a gap in holdings, thin orders, and the main force sweeping away the upper liquidity, officially entering the acceleration phase.
The pullback support is very strong, and the buying is characterized by a “one-time opportunity” style. As long as it does not fall back below 0.39, the bullish main control situation will not change.
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Bullish Trading Strategy
Entry Range
0.408 – 0.421
Profit Targets
T1 0.445
T2 0.468
T3 0.495
Stop Loss
0.392
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The current structure of MERL belongs to the strong rhythm of “Breakthrough — Acceleration — Short Pause at High Levels.” If it can stabilize above 0.445 with increased volume, there is a chance for a short-term push to the area above 0.50.
Trade Now $MERL
