$MERL — Bullish Continuation After a Strong Breakout!
Long $MERL
• Entry: 0.04500 – 0.04560
• Stop Loss: 0.04340
Targets:
• TP1: 0.04800
• TP2: 0.05000
• TP3: 0.05500+
MERL is showing strong momentum after a clean breakout from the 0.034–0.038 consolidation zone. Price has now pushed through the 0.04400–0.04450 resistance with conviction, and the latest volume spike confirms that buyers are still in control.
The 1H chart is printing a healthy bullish structure with higher highs and higher lows, while the V-shaped recovery suggests this move still has room to extend. As long as MERL holds above the 0.04340 support and stays above the short-term breakout zone, the bullish bias remains valid.
This pullback opportunity is attractive for continuation traders, especially if we see another volume surge on the next bounce. Manage risk strictly and avoid chasing the top.
Trade $MERL here 👇🏻
