Listen up, friends, this structure is very clean, preparing for the next wave of gains. We see that the price quickly found support and rebounded strongly after a pullback, with bullish momentum exploding under strong trading volume. The price has steadily stood above all key moving averages, which is a clear bullish signal. The RSI indicator is healthily pointing upwards, indicating there is plenty of room for further increases, while the MACD also shows bullish momentum. Bearish attempts have been repeatedly rejected, and now is the time for bulls to take control. This is precisely the stage where smart money is quietly positioning.
Clear execution plan:
Entry: 0.4325
Target 1: 0.4430
Target 2: 0.4510
Target 3: 0.4600
Stop loss: 0.4260
$MERL
MERLUSDT
Perp
0.44135
+2.68%