$MERL/USDT (Swing Setup)TRADE – $MERL/USDT (Swing Setup)
Type: LONG
Mode: Isolated
Entry Zones:
• Entry 1: $0.350 – $0.344 (trendline and EMA confluence)
• Entry 2: $0.333 – $0.327 (strong demand and LQ sweep area)
Targets (Long-term):
• TP1: $0.400
• TP2: $0.505
• TP3: $0.680
• TP4: $0.800
Stop Loss (Full Safest): $0.2920
– Below the major structure base and invalidation zone.
Risk/Reward:
• From average entry ~$0.34 to TP4 $0.80 = 1:4.6R, satisfying the 1:4–1:5 minimum criterion.
Summary:
On the 2-day chart, MERL/USDT is maintaining a strong bullish structure above the main ascending trendline and the Ichimoku cloud, confirming mid-term trend continuation. After multiple rejections near the $0.40–$0.42 resistance zone, price has retraced toward the previous breakout base around $0.32–$0.33, where demand has consistently held. Volume expansion during upward pushes and contraction during retracements indicate accumulation. The 50-EMA is trending upward and acting as dynamic support, with higher lows forming along the rising base. As long as the price sustains above $0.30–$0.32, the structure remains intact, suggesting potential continuation toward the upper range between $0.60–$0.80, and ultimately the major resistance at $1.38.
In summary, the 2-day chart structure shows a healthy consolidation phase within a bullish continuation pattern. The key pivot support sits near $0.32, while a breakout above $0.42 would likely trigger momentum toward the next higher liquidity zone around $0.80.
