$MERL — Liquidation Sweep ➝ Momentum Reversal ➝ Pure Resilience MERL is trading at $0.0525 (+10.9%) after a textbook liquidation grab near $0.0463, where sell pressure was fully exhausted. That sweep marked the reversal point, and price responded with a strong bullish impulse, breaking structure and reclaiming key levels fast ⚡
What stands out now is resilience — no deep pullback, no panic selling. Each dip is being absorbed, showing buyers in control, not distribution.
Chart Breakdown:
• Liquidity swept below $0.0465
• Sharp impulse move → structure shift confirmed
• Clean stair-step advance (continuation pattern)
• Holding above $0.050 → bullish acceptance
• Momentum candles expanding → trend strength intact
Key Levels:
• Support: $0.0500 – $0.0492
• Immediate Resistance: $0.0528
• Continuation Targets: $0.055 → $0.058
As long as MERL holds above $0.050, this remains a post-liquidation continuation, not a top. The market already flushed weak hands — now it’s resilience + momentum driving the move 🚀
This is how real reversals look after liquidation.
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