MERL | Bottom Reclaim Continuation | $0.0382 Market Read MERL is attempting to recover after forming a local bottom near support. Price action is stabilizing while momentum gradually shifts bullish. Key Levels 🟢 Demand zone: 0.0368 - 0.0355 🛡 Structural support: 0.0330 🔴 Breakout trigger: 0.0408 🎯 Upside targets: 0.0445 / 0.0488 / 0.0535 Structure Signal Price is compressing beneath resistance while maintaining higher lows — an early bullish continuation structure. Bull Scenario If 0.0408 breaks: Recovery toward 0.0445 Continuation into 0.0488 Momentum expansion may test 0.0535 Risk Scenario If 0.0368 fails: Retrace toward 0.0355 likely Lose 0.0330, bullish structure weakens sharply Momentum Pulse RSI recovering gradually from oversold territory MACD attempting bullish crossover Volume profile suggests accumulation near support Execution Plan Support bid: around 0.0368 Breakout entry: above 0.0408 Invalidation: below 0.0330 Bias Score: 7.5/10 Bullish MERL is showing constructive recovery behavior after extended downside pressure. A confirmed breakout above 0.0408 could trigger stronger upside continuation. $MERL