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Merlin Chain/Tether USD

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MERLUSDT trade ideas

Merlin Chain Simple TA: 282% Target —535% Bullish WaveCurious name... The candle 11-Nov. has the highest volume of all candles and it closed green. The action is happening daily above MA200. MERLUSDT (Merlin Chain) is now bullish. I don't want to annoy you with too many details... We have a 282% target short-term and a 535% bullish wave. The numbers can be seen on the chart. Let's see how it goes... Will it move fast? Will it move next? Or, are we going to be left holding the pair with a long wait? Patience is key. The chart is pointing up. Define support and resistance levels, secure a great entry —the market takes care of the rest. Thank you for reading. Namaste.
Long
by MasterAnanda
Merlin $Merl: all you have to know is its UNLOCKS! MONEY!!!Project description: Merlin ( TURQUOISE:MERL ) is a decentralized finance (DeFi) platform focused on yield optimization and automated liquidity provision, allowing users to maximize their earnings through automated strategies and staking options. Type of project: Yield optimization and automated liquidity provision in DeFi. Is it under a block?: Yes, Merlin operates on Ethereum and other compatible blockchains, using smart contracts to automate yield strategies and manage liquidity. Latest update or news: As of November 7, 2024, Merlin introduced its Merlin Staking Program, allowing users to stake TURQUOISE:MERL tokens and earn rewards while supporting liquidity across DeFi platforms. Narrative: DeFi yield optimization, staking, and automated liquidity provision. Unlocks Data for Merlin ( TURQUOISE:MERL ): 1. Upcoming Unlock: Next Unlock Event: Scheduled for November 19, 2024, with an unlock of 17.5 million MERL tokens. Percentage of Circulating Supply: This release constitutes approximately 2.08% of the circulating supply. 2. Rate of Token Release to Circulation: Next 7 Days (November 7 – November 14): 0 MERL tokens released, or 0% of the circulating supply. Next 30 Days (November 7 – December 7): 17.5 million MERL tokens released, or 2.08% of the circulating supply. 3. Total Unlocked: Total Unlocked Tokens: 605.23 million MERL, representing approximately 28.82% of the maximum supply of 2.1 billion MERL tokens. 4. All Upcoming Unlocks in the Future: November 19, 2024: 17.5 million MERL December 19, 2024: 17.5 million MERL January 19, 2025: 17.5 million MERL February 19, 2025: 17.5 million MERL March 19, 2025: 17.5 million MERL April 19, 2025: 17.5 million MERL Further monthly unlocks continue on the 19th of each month through December 2028. 5. Vesting Analysis for Merlin ( TURQUOISE:MERL ): Merlin’s vesting structure is designed to support long-term growth and stability: Staking & Yield Rewards: 40% allocation, gradually released to incentivize staking and provide yield rewards within the ecosystem. Team & Advisors: 20% allocation, vested over 4 years to align with long-term project growth. Liquidity & Market Making: 15% allocation, dedicated to ensuring sufficient liquidity and smooth trading experiences. Ecosystem Development: 15% allocation, reserved for partnerships, development, and expansion efforts. Community Incentives & Airdrops: 10% allocation, distributed to early supporters and to drive platform adoption.
Long
by osodatsismoso
MERL (MERLIN) Airdrop SelloffStats according to Coinmarketcap and CoinGecko - Marketcap ---------------115 million Fully Diluted Marketcap---1 billion Circulating Supply ------226.5 million Total Supply ------------2.1 billion All Time High (release) -----$1.54 Total Value Locked (BTC before airdrop began) - 2.8 billion - which is amazing! The current situation is that people are unloading their airdrop tokens onto the market as exchanges are buying bags to trade. A lot of these new Layer 2 narratives are great projects but they start out with high marketcaps from their total value locked up air drop incentive. Simply put, buying and selling has not yet stabilized the price action so we see a freefall. The timing is perfect due to market drop and Japan economic status news mixed with BTC profitability for mining cost (53k ish) for bearish momentum. There will be a bottom. I suspect it will be at the marketcap liquidity ratio of the holders which is very hard to calculate at the moment. So to give you some sort of target (not financial advice) - I would look to long around BTC getting a confirmed uptrend from 50 - 53k. MERL could be around .4 cents by then but what do I know?
by Altisona
#MERL $MERL BULL CHART LOGN #NOANFAMTURQUOISE:MERL #MERL Contract on a 2-hour timeframe. Here are the key points of the analysis: Descending Channel and Breakout: The price was initially in a descending channel, showing a consistent downtrend. A breakout from the descending channel occurred, indicating a potential reversal or strong bullish momentum. Horizontal Support and Resistance Levels: The chart highlights critical horizontal support and resistance levels. Notably, resistance levels at approximately 0.5675, 0.5297, and 0.4995. The current price is testing the resistance levels, which if broken, could further confirm the bullish trend. Trendline Support: A diagonal trendline has been drawn post-breakout, acting as dynamic support. This trendline helps in trailing the stop loss according to the upward trend. Risk-Reward Ratio (R:R): The chart shows a favorable risk-reward ratio of 7.55, indicating that the potential reward significantly outweighs the risk. This is depicted by the green and red shaded areas. The entry point for this trade setup is around the breakout area with a stop loss just below the breakout point. The target for this trade is set at a significantly higher level, maximizing potential gains while minimizing losses. On-Balance Volume (OBV): The OBV indicator shows a breakout and retest, which is a bullish sign indicating that the buying volume is supporting the price increase. In summary, the chart suggests a strong bullish setup with a breakout from a descending channel, confirmation through horizontal resistance levels, and a favorable risk-reward ratio. The use of trendlines for trailing stop loss is emphasized to protect gains as the price continues to move upward.
Long
by CryptoNoan
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