$MERL JUST BROKE ABOVE THE RANGE THAT HELD IT FOR DAYS 🔥
Entry: 0.01880 - 0.01900 🔥
Target: 0.02150 🚀
Stop Loss: 0.01780 ⚠️
The 1H breakout came on a clear volume spike, pushing price above the consolidation zone that rejected sellers three times. This kind of structure shift typically attracts momentum traders, and the gradual increase in buying pressure suggests a clean continuation.
Entry zone offers a 1:2.5+ risk-to-reward if you wait for a small pullback. The real question is whether we get a retest of the breakout level before the next leg up. Are you entering now or waiting for that re-entry?
Not financial advice. Always manage your risk.
#MERL #Breakout #LongSetup #Altcoin #Crypto
🔥
Entry: 0.01880 - 0.01900 🔥
Target: 0.02150 🚀
Stop Loss: 0.01780 ⚠️
The 1H breakout came on a clear volume spike, pushing price above the consolidation zone that rejected sellers three times. This kind of structure shift typically attracts momentum traders, and the gradual increase in buying pressure suggests a clean continuation.
Entry zone offers a 1:2.5+ risk-to-reward if you wait for a small pullback. The real question is whether we get a retest of the breakout level before the next leg up. Are you entering now or waiting for that re-entry?
Not financial advice. Always manage your risk.
#MERL #Breakout #LongSetup #Altcoin #Crypto
🔥