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$MERL is trying to recover from the lower range after sellers pushed it down hard. Current bounce is decent, but the trend still needs a proper reclaim before calling it strong.
Entry: 0.0268 – 0.0280
Breakout Entry: above 0.0295
SL: 0.0253
TP1: 0.0295
TP2: 0.0327
TP3: 0.0385
Daily close above 0.0295 would make the setup much cleaner. Until then, this is more of an early bounce play than a confirmed reversal.
Nice reaction from the lows, but still let MERL prove strength first. No need to chase while resistance is sitting close.
#StockTradingChallengeUpTo17000U #HYPEMarketCapSurpassesDOGE