【$MERL Signal】Pullback to go long, betting on 4H trend continuation

$MERL 1H level surge and pullback, 4H Bollinger upper band at 0.0430 acts as resistance, current price at 0.03902. The 1H MACD histogram is contracting, bullish momentum slowing down. Market depth imbalance -27.33%, sell orders significantly thicker than buy orders. Current risk-reward ratio around 1.6, within acceptable range, but chasing high directly offers limited value.

🎯Direction: Pullback to go long

⚡Entry/Order: Batch entries in the range of 0.03697 - 0.03882

🛑Stop loss: 0.03483

🚀Target 1: 0.04127

🚀Target 2: 0.04342

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to breakeven. If price falls back into entry zone, automatically exit to protect principal.

4H MACD is still expanding, EMA20 and EMA50 are forming a bullish crossover upward, medium-term trend remains intact. Pullback near EMA20 at 0.0368 and Bollinger middle band at 0.0361 are potential support zones. Funding rate at 0.0025% is acceptable, no extreme short squeeze risk observed. Waiting for a pullback at this level is much more comfortable than chasing at current price.

Check real-time market 👇 $MERL
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