📄 Merlin Chain $MERL
Buying Entry: Initiate a long position on a confirmed break and retest of $0.44 or a pullback to the nearest support (e.g., around $0.41 - $0.42).
Target (Selling): Primary profit-taking is set at $0.47 (recent swing high or next structural resistance). Aggressive traders may target $0.50+.
Stop Loss (Risk Management): Place the stop loss beneath the immediate support/consolidation range, for example, at $0.395 to protect capital if the breakout fails.
Merlin Chain is a Bitcoin-native Layer 2 (L2) solution designed to enhance Bitcoin's scalability and functionality, primarily by enabling decentralized applications (dApps) and DeFi. $BTC
L2 Scaling: Merlin Chain utilizes ZK-Rollups (Zero-Knowledge Rollups) to bundle and verify transactions off-chain, drastically reducing fees and increasing transaction speed compared to the main Bitcoin network.
Security: It inherits Bitcoin's security by anchoring its proofs to the mainnet via a mechanism like Taproot, ensuring data integrity and decentralized validation.
EVM Compatibility: The chain is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily deploy Ethereum-style smart contracts and leverage Bitcoin-native assets within cross-chain DeFi ecosystems.
Token Utility: The native MERL token is used for network governance, staking to secure the network, and paying transaction fees.
