MERCURY ANALYSIS
MERCURY
MER has been in a long period of consolidation and accumulation around 25-35 sats. I expect another touch back into support at/under 30 sats. Following this, or close to, there should be a break out up towards short term resistance at T1 of 38, and T2 of 50. Once MER is able to clear the short term resistance, the growth has the ability to be significant. The 200 MA sits at 100+ sats, while the next weekly resistance sits above 200+ sats. I dont expect those to be hit anytime soon though, so look for the breakout and take profit at the given targets for short term sat building!
Possible Entries: 25-30 sats
MER has been in a long period of consolidation and accumulation around 25-35 sats. I expect another touch back into support at/under 30 sats. Following this, or close to, there should be a break out up towards short term resistance at T1 of 38, and T2 of 50. Once MER is able to clear the short term resistance, the growth has the ability to be significant. The 200 MA sits at 100+ sats, while the next weekly resistance sits above 200+ sats. I dont expect those to be hit anytime soon though, so look for the breakout and take profit at the given targets for short term sat building!
Possible Entries: 25-30 sats
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