$MERL
Current Price: 0.359
Key State: Two back-to-back short liquidations show shorts getting trapped. Momentum is shifting upward as liquidity is swept from the downside. Buyers are gaining confidence.
Support: 0.350
Resistance: 0.368
Market Insight: MERL is showing the classic structure where forced short exits push price into a stronger recovery channel. If bulls defend 0.350, trend continuation looks likely with an eye on reclaiming the upper ranges.
Sentiment: Bullish tilt after short squeeze activity.
Targets:
Upside 0.368 then 0.382
Downside 0.350 then 0.342
Next Move: Expect MERL to push back into resistance. A clean breakout over 0.368 may trigger a fast upside expansion.
Pro Tip: Let pullbacks to 0.353–0.355 fill before considering entries. Short squeeze conditions favor patient positioning.
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