$MERL just printed a long liquidation near 0.05728 and I’m seeing buyers get flushed from the move. When long pressure clears like this, the chart often looks for a relief bounce if support holds. I want to see $MERL stabilize above this level before expecting continuation.

Trade Plan

EP: 0.0589

TP1: 0.0618

TP2: 0.0660

TP3: 0.0725

SL: 0.0548

This setup looks constructive because crowded longs have been cleared and price can rebuild structure. If buyers return gradually and momentum improves, upside targets can open step by step. I will stay patient and let $MERL confirm strength before entering.

#MERL #CPIWatch #CZAMAonBinanceSquare #USNFPBlowout #TrumpCanadaTariffsOverturned