【$MERL Signal】1H breakout level, short squeeze structure

$MERL The 1H price has already broken above the Bollinger upper band at 0.0408, with the MACD histogram continuously expanding above the zero line. The 4H Bollinger bands are opening upward, but the MACD fast and slow lines have a dead cross and are narrowing, indicating conflicting trends. Market depth shows thin sell orders, with buy orders concentrated around 0.0365, exposing the capital support intent. The current risk-reward ratio is acceptable, but caution is advised against chasing high due to potential 4H divergence risk.

Price can be bought directly above 0.04009, entry near the current price.

Set stop-loss below 0.03284.

First target at 0.04375.

Second target at 0.04739.

🛡️Trading management: - Execution strategy: After reaching target 1, reduce position by 50%, and move stop-loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

1-hour volume expanded during the breakout, but the latest candle's volume shrank, indicating weakening buying power. Open interest remains stable, and the funding rate at 0.005% is not extreme, so short squeeze risk is temporarily manageable. The 4H RSI is around 60, not in overbought territory; upward space depends on whether buying can continue. Under this structure, a pullback to the 1H EMA20 at 0.0378 would be an ideal second entry point.

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