【$MERL Signal】Pullback to go long, 1H level charging up and ready to launch

$MERL 1H level surge and pullback, price quickly retraced from 0.0487 to around 0.042, buy depth imbalance -7.52%, selling pressure quickly absorbed.
4H MACD histogram still expanding, but 1H histogram begins contracting, indicating a momentum shift point.

Price is testing the support zone formed by the 1H EMA50 at 0.0390 and the middle Bollinger band at 0.0405.
Below, 0.03828 to 0.04203 is an ideal support zone, with clear capital backing intentions.

🎯Direction: Pullback to go long

⚡Entry: Buy in stages within the 0.03828 - 0.04203 range.

🛑Stop loss: Place below 0.03403 uniformly.

🚀Target 1: First target at 0.04677.

🚀Target 2: Second target at 0.05102.

🛡️Trade management:
- Execution strategy: Reduce half of the position after reaching 0.04677, move the remaining stop loss up to the entry price.
- If the price cannot hold above 0.042 and falls back below the entry zone, abandon this trade.

4H Bollinger bands opening upward, medium-term trend remains intact.
1H RSI falling from overbought to 56, providing healthy retracement space.
Position volume stable, no signs of large-scale long exit, this sharp decline seems more like profit-taking rather than trend reversal.
Combined with a 0.005% positive funding rate, short squeeze fuel remains sufficient.
Risk-reward ratio close to 1:2, this position is worth laying in wait.

Check real-time market 👇 $MERL
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