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$MERL (1h) - Breakout Pullback Long
Bias: Long
Entry (Zone): 0.0280 - 0.0284
Targets:
TP1: 0.0290
TP2: 0.0300
TP3: 0.0312
Stop Loss: 0.0272
Why this Setup:
I’m looking for continuation after the sharp reclaim and impulsive push through the recent range high. I want to buy a brief pullback into the breakout area, with room for follow-through toward the next resistance bands if momentum holds.