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Hxlaw
Hxlaw
$MERL MERLUSDT 4H frame is giving a short-term recovery signal after bouncing sharply from the support area 0.0255–0.0260. The green candle increases well with a large volume showing that the buying force is returning quite clearly. The price has now surpassed MA5 and MA10, and is approaching the MA20 area around 0.0273 — this will be an important resistance that determines the possibility of a breakout. If it stays above 0.0270, MERL can continue towards the 0.0280–0.0290 area. In case the volume remains positive and the MA20 breakout is successful, the recovery trend will be strengthened more strongly. The reasonable strategy is to buy around the 0.0266–0.0270 area when the price retests support. Stoploss below 0.0255 to limit risk. Investors should prioritize capital management because the medium-term trend has not completely reversed when MA60 and MA120 are still above the price.

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