$MERL Many military signals
MERL suddenly surged after a prolonged low-level sideways movement, with an "accelerated long bullish candle" pushing the price directly from the 0.34 area above 0.45, showing decisive strength and clear rhythm. This kind of breakout is a typical "strong control by the main force": stabilizing the bottom, consolidating with low volume, and then concentrating efforts within a single time window to form an irreversible trend switch.
Currently, the pullback strength is light, with active buying support, maintaining a short-term oscillation in the high range. This pattern is common in the "first phase of explosive行情", with the main trend upward and the rhythm not yet finished.
As long as the price remains above 0.41, the bullish structure remains solid.
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Bullish trading strategy
Entry range
0.41 – 0.435
Take profit targets
T1 0.455
T2 0.478
T3 0.505
Stop loss
0.395
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MERL's breakout this time belongs to "straight rise after breaking the moving average suppression". If it can break through 0.455 again with increased volume, the price will enter a zone with no obvious resistance, and there is potential for a continued push towards 0.50+ in the short term.
Trade immediately $MERL
