【$MERL Signal】Short squeeze pullback, sniper for a second surge

$MERL 1H level rally then pullback, current price at 0.04268 just above the 4-hour Bollinger upper band at 0.0420, buy depth imbalance at 10.5%, capital support intentions exposed. 1-hour RSI 71.22 indicates short-term overbought, but 4-hour MACD is bullish with a golden cross and the histogram still expanding, indicating bullish momentum is not exhausted.

🎯Direction: Pullback to go long

⚡Entry/Order: Batch entries between 0.03717 - 0.04247

🛑Stop loss: 0.03323

🚀Target 1: 0.04506

🚀Target 2: 0.04900

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect principal.

One-hour volume after the rally has not significantly decreased, selling pressure is quickly absorbed. Combined with a 0.005% positive funding rate, bears have not formed effective suppression, more like profit-taking. The 4-hour EMA20 and EMA50 are in a bullish alignment, and a pullback near the 1-hour EMA50 (0.0376) is an ideal second entry point. Under this structure, the risk-reward ratio exceeds 3:1, making it worthwhile to use a smaller position to chase the trend continuation.

Check real-time market 👇 $MERL
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