The tide is shifting. While Bitcoin consolidates, capital is rotating into high-beta alts. Merlin Chain (MERL) is leading the charge, flashing a classic bullish structure on the higher timeframes. 🚀
📊 The Trade Setup
We are seeing a clear "resistance-turned-support" flip. The recent outperformance against $BTC suggests that the Bitcoin L2 narrative is catching its second wind for Q1 2026.
Conservative Entry: $0.058 – $0.062 🟢 (Perfect retest zone)
Aggressive Entry: Market Price if we close the H1 candle above $0.070 with a volume spike.
🎯 Profit Targets (TP)
TP1: $0.075 (Immediate supply zone/Scalp exit)
TP2: $0.083 (Next major psychological barrier)
TP3: $0.117 (Macro target for Q1 2026 - Moon Bag)
🛡 Safety Net (Stop Loss)
SL: Close below $0.054 * Why? A break here invalidates the local higher-low structure and likely sends us back to the $0.040 depths.
💡 Final Thoughts
With a fresh wave of liquidity hitting the Altcoin Season Index, Layer 2s are the place to be. MERL's TVL stability makes this more than just a pump—it’s a fundamental recovery.
Are you accumulating MERL here, or waiting for $0.070 confirmation? Let’s discuss below! 👇$MERL
#MERL #BitcoinL2 #CryptoAnalysis #AltcoinSeason #TradingSignals