【$MERL Signal】Pullback to enter long / Volume and price divergence after secondary upward move

$MERL The 4H level price has broken out of the Bollinger upper band, and the 1H RSI has soared to 73.8, indicating a break in buying strength. But open interest remains stable, with no signs of large-scale profit-taking.

🎯Direction: Pullback to go long

⚡Entry/Order: Within the 0.02445 - 0.02714 range, wait for the price to pull back to around 0.0260 to actively enter.

🛑Stop loss: 0.02378

🚀Target 1: 0.02730

🚀Target 2: 0.02741

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

Sell orders are clearly stacked above 0.0274, forming short-term resistance. The 1H MACD red bars are shrinking, indicating a pause in bullish momentum, but the 4H MACD is still expanding, so the trend is not bad. The risk-reward ratio at this position is maximized; the key is whether the upward pressure can be quickly absorbed. Funding rates are acceptable, with no extreme short squeeze risk, so a pullback is an opportunity.

Check real-time market 👇 $MERL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨