📈 MERL/USDT is showing steady bullish momentum, up over 13% on the day. The price is holding strong above its key moving averages, signaling a healthy uptrend structure.
ENTRY ZONE: 0.4350 - 0.44060 (near current price & MA(7) support)
STOP LOSS: 0.4200 (below MA(25) and recent consolidation)
TAKE PROFIT TARGETS:
TP1: 0.4550
TP2: 0.4700
TP3: 0.4850
The price is trading above the MA(7) at 0.4308 and MA(25) at 0.4055, with the MA(99) providing a strong base at 0.3899. The 24h high of 0.4422 is within reach, and volume supports the upward move.
Look for a retest of the MA(7) or the 0.4350 zone for an optimal entry, targeting a breakout toward 0.4550+. Keep positions managed and trail stops as momentum builds.
Not financial advice. Always perform your own analysis and trade responsibly.
#Binance #MERLUSDT #Crypto #Trading #SQUARE
MERLUSDT
Prep
0.41913
+7.78%