【$MERL Signal】Short-term momentum weakening, waiting for a pullback to go long

$MERL 4H Bollinger upper band resistance at 0.0366 is obvious, 1H MACD shows a death cross with increasing volume, buying proportion continues to decline to 0.43, capital support weakens. Current price 0.03544 is close to the upper limit of the suggested long zone, risk-reward ratio is only 0.16, short-term chasing longs is limited.
🎯Direction: Long (pullback order)
⚡Entry/Order: 0.03526 (suggested upper limit of the zone)
🛑Stop loss: 0.03399
🚀Target 1: 0.03546
🚀Target 2: 0.03561
🛡️Trade management: - Execute strategy: reduce 50% of position after reaching Target 1, move stop loss up to 0.03526, remaining position aims for Target 2. If price breaks below entry point, exit actively.
After a sharp rise, buying support breaks, 1H RSI falls back to neutral, no panic selling yet, but there is EMA50 support near 0.0342 below. If funding rates stay low, this structure may consolidate and then surge again, currently waiting with strict orders.
Check real-time market 👇 $MERL
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