🔥MERLUSDT — moment of truth on 1H 📊
Price: 0.40441
Change over 24h: +11.09%
Timeframe: 1 hour
After the impulsive rise, MERLUSDT has entered a consolidation phase. The price is holding above key moving averages, which maintains bullish potential, however the neutral RSI indicates the need for confirmation before taking active actions.
🚨Key indicators:
EMA 21: 0.39587
EMA 50: 0.37732
EMA 99: 0.36505
RSI (6): 49.65 — balance of power
RSI (14): 58.29 — moderately bullish
MACD: -0.00115 — weakening momentum
Trading plan 💰
📈Main scenario: LONG
🎯Targets:
1️⃣ 0.41464 — +2.00%
2️⃣ 0.43000 — +6.00%
3️⃣ 0.44000 — +8.82%
➡️Entry points:
Conservatively: from 0.40441 after confirming the holding of EMA21
Aggressively: from 0.39800 on false breakdown downwards
Stop-loss:
🛑 0.39300 — capital protection upon structure breakdown
📌Conclusion
MERLUSDT remains in a bullish structure, but the market has taken a pause. The best approach is to work from confirmation and not rush with volume. Profit fixation on targets and strict risk management are mandatory.
Trade cool-headed and according to plan 🚀
Trading 👉$MERL
