$MERL Signal】Pullback to go long, 1H level funds clearly support the bottom


$MERL 1H level surge and pullback, price retraces near the middle Bollinger band at 0.0406. The 4H MACD fast and slow lines form a golden cross and then narrow, but the histogram remains positive, indicating bullish momentum has not yet exhausted. The order book depth shows buy orders are 51% thicker than sell orders, revealing the intention of funds to support the price.

🎯Direction: Pullback to buy

⚡Entry: Buy in stages within the 0.03808 - 0.04092 range

🛑Stop loss: 0.03393

🚀Target 1: 0.04637

🚀Target 2: 0.05052

🛡️Trade management: - Execute strategy: halve the position at Target 1, move the remaining stop loss up to the entry price. If the price cannot stay above 0.0406, consider exiting early.

The 1H RSI quickly pulled back from the overbought zone to around 50, quickly digesting selling pressure. The 4H Bollinger Bands are opening upward, with the price moving between the middle and upper bands, and the structure remains intact. Open interest is stable, with no signs of large-scale fund outflows. This risk-reward ratio is worth trying, with patience key at the entry point.

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