【$MERL Signal】Pullback to go long, 1H level charge-up for another attack

$MERL After a surge at the 1H level, the price pulls back and consolidates around 0.0389. The 4H Bollinger Band upper band at 0.0430 creates upward attraction, the 1H MACD histogram is contracting, but the fast and slow lines are still above zero, indicating bullish momentum has not fully exhausted.
Order book buy depth ratio is 28.29%, active buying interest still exists. This level appears more like a healthy profit-taking rather than a trend reversal.

If the price pulls back to around 0.0370, it can be directly bought, with a stop below 0.0348.
First target is 0.0413, second target is 0.0434.

The 1-hour RSI has fallen from a high of 64 to around 55, freeing up space for another upward move.
The 4-hour MACD has continued to expand after a bullish crossover, and the trend remains bullish.
Current holdings are stable, with no signs of panic selling, and funds are waiting for a more comfortable entry point.
The risk-reward ratio is close to 1:1, making this position suitable for a small position to bet on trend continuation.

Check real-time market 👇 $MERL
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