$MERL (Perp)

Clean breakout, buyers in control.

Price Action

Current: $0.4088

Up +11.1% on the day

High: $0.4300 | Low: $0.3625

Drivers

Strong impulse candle broke multi-day range.

Volume confirmed real demand.

Fast MA above mid & long MAs → strong momentum.

Shallow pullbacks → sellers absorbed.

Key Levels

Support: $0.395 – $0.385 | Major: $0.360 – $0.350

Resistance: $0.420 – $0.430 | Next: $0.450+

Trend: Bullish above $0.38

Trade Idea

If holds $0.39 → $0.43 → $0.45 possible

If loses $0.38 → pullback to $0.36

Let’s go, Trade now $MERL

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