MERL has formed a strong accumulation box that has acted as solid support for the past 110 days. This green zone represents a high-conviction area for DCA (Dollar-Cost Averaging) entries, ideal for building a long position.
The current price structure indicates a potential parabolic move in the making. With a 300% upside target, this zone could be the final accumulation phase before a significant breakout.
Key Points:
Strong support zone holding for 110 days
Ideal area for DCA entries marked in green
Targeting 3x move from current levels
Time to fill your bags slowly and patiently
Accumulation precedes expansion, don't miss the move
The current price structure indicates a potential parabolic move in the making. With a 300% upside target, this zone could be the final accumulation phase before a significant breakout.
Key Points:
Strong support zone holding for 110 days
Ideal area for DCA entries marked in green
Targeting 3x move from current levels
Time to fill your bags slowly and patiently
Accumulation precedes expansion, don't miss the move
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