$MERL – Shorts Annihilated

$3.225K worth of shorts were liquidated at $0.40833, signaling a sudden bullish push. For those eyeing MERL, this could be the start of an upward momentum sweep. The charts show immediate support around $0.35–$0.38, where buyers are likely defending the next leg up. On the upside, resistance sits at $0.45–$0.50, a critical zone for short-term traders. If MERL manages to hold above support, the next target could push all the way to $0.50–$0.55, but a break below $0.35 may drag it toward $0.30. Shorts burned, bulls licking their chops.