$MERL
🔥 $MERL surging with 3.4x buy volume spike, can it sustain?
- With the 3.4x volume spike and clear bullish momentum, I expect price to attempt higher first, targeting the 0.01948 area. If this is cleared, look next to 0.02000 and 0.02047 as upper targets.
- For a long setup: Wait for a pullback to 0.01797–0.01807. Confirm entry with a bullish pin bar or strong reversal pattern on the 5m–15m chart. Enter on confirmation, target 0.01948 first, then 0.02000+. Place your stop at the swing low of the pullback.
- If price closes strongly below 0.01797, or if you see persistent bearish momentum (like multiple bearish engulfing candles or failure to recover support), switch your bias to neutral or short, expecting a deeper move toward 0.01692 or even 0.01628.
- Example entry scenario: Price pulls back to 0.01797, forms a bullish engulfing bar with a long wick down and closes back above 0.01800 on notable volume. Enter long, aiming for 0.01948 and 0.02000, stop at the swing low of the pullback.
- If instead price shoots straight up and stalls with high wicks and heavy selling near 0.01948, do not chase long entries—wait for a healthy retrace to the next FVG/support zone before considering new buys.
📝 This is not investment advice, but an educational analysis report based on smart money concepts and current price action. Always wait for proper confirmations and manage risk!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#MERL
🔥 $MERL surging with 3.4x buy volume spike, can it sustain?
- With the 3.4x volume spike and clear bullish momentum, I expect price to attempt higher first, targeting the 0.01948 area. If this is cleared, look next to 0.02000 and 0.02047 as upper targets.
- For a long setup: Wait for a pullback to 0.01797–0.01807. Confirm entry with a bullish pin bar or strong reversal pattern on the 5m–15m chart. Enter on confirmation, target 0.01948 first, then 0.02000+. Place your stop at the swing low of the pullback.
- If price closes strongly below 0.01797, or if you see persistent bearish momentum (like multiple bearish engulfing candles or failure to recover support), switch your bias to neutral or short, expecting a deeper move toward 0.01692 or even 0.01628.
- Example entry scenario: Price pulls back to 0.01797, forms a bullish engulfing bar with a long wick down and closes back above 0.01800 on notable volume. Enter long, aiming for 0.01948 and 0.02000, stop at the swing low of the pullback.
- If instead price shoots straight up and stalls with high wicks and heavy selling near 0.01948, do not chase long entries—wait for a healthy retrace to the next FVG/support zone before considering new buys.
📝 This is not investment advice, but an educational analysis report based on smart money concepts and current price action. Always wait for proper confirmations and manage risk!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#MERL