$MERL /USDT Clean Reversal Long Setup
Current Price: CMP
Entry Zone: 0.4300 – 0.4350
Target 1: 0.4650
Target 2: 0.5000
Stop Loss: 0.4100
Why This Setup Looks Strong
1. Price reclaimed the key 0.40 level after a long downtrend.
2. Higher-low structure is forming, signaling a trend shift.
3. Strong daily volume (~$66M) confirms real buyer interest.
4. Bitcoin L2 narrative usually performs well during BTC consolidation.
5. MERL lagged earlier and is now catching up with the market.
Outlook
As long as price holds above 0.4300, the structure favors a steady upside move toward 0.50.
This is a cleaner, safer continuation play compared to high-volatility memes.
Invalidation
A firm break below 0.4100 invalidates the bullish structure.
MERLUSDT
Бесср
0.45591
+0.11%