Buy Trade Strategy for MERL: Unlocking AI-Driven DeFi PotentialDescription:
This trading idea focuses on MERL, a promising cryptocurrency that powers the Merlin AI platform—an innovative project blending artificial intelligence with decentralized finance (DeFi). MERL plays a central role in enabling AI-based trading strategies, analytics, and user-friendly DeFi tools. As demand grows for smarter, automated blockchain solutions, Merlin AI aims to streamline complex DeFi operations for everyday users and institutional investors alike. Its unique positioning in the AI x DeFi narrative, combined with active development and a growing community, strengthens MERL’s long-term potential.
Still, investors must remain cautious, as the crypto space is highly volatile and influenced by factors such as market sentiment, regulatory developments, and emerging competition. MERL's future performance will depend on user adoption, continued innovation, and overall market conditions.
Disclaimer:
This trading idea is provided for educational purposes only and should not be considered financial advice. Investing in cryptocurrencies like MERL involves substantial risk and may result in the loss of your entire investment. Always perform your own due diligence, assess your financial situation carefully, and consult a professional advisor before making any financial decisions. Past performance is not indicative of future results.
MERLUSDT trade ideas
MERL/USDT -accumulation boxMERL 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
MERL Markup phase inbound? Overall, PA has been building up nicely on the daily TF with a clean Wyckoff range building. In phase D we’re seeing increased volume on up bars with larger spreads than the pullback candles. Market could be ready to move into Phase E (markup) after the SOS and pullback. The pullback is sitting nicely on the range top, range 50% level and FVG of Thursdays 22/5 candle.
Daily swings 1 bar and weekly 1bar/2bar swings are up.
Could enter now for more aggressive play as 25 May daily high is broken indicating continuation of trend with SL under the low. However, have to be careful as BTC is primed for a potential pullback to around 98-100k~
MERL Forming Ascending Pattern – Breakout Ahead?🚀 AQUISUK:MERL Forming Ascending Pattern – Breakout Ahead? 📈
AQUISUK:MERL is currently forming an ascending pattern! 📊 If the price continues to rise, we could see a strong breakout soon. Keep an eye on this potential setup! 🔥
Let’s ride this breakout together! 💼💸
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.
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.
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?
MERL - Possible bottom at listing priceMerl dropped all the way to its listing price, more than 80% correction as we speak. If you study other assets this often results in a trend shift. I will give this a try with stops just below the daily low and let it ride for a few weeks. I have no idea where this is going to top, but looking at the market cap there is a lot of growth potential.
Stay safe!
#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.
Enter at $0.23-$0.25Merlin chain has lost all investor and buyer confidence. There exist a couple of issues surrounding the Layer 2 ecosystem. Merlin can, however, provide a good entry point at $0.23 to 0.25 area—a probable long, if all the end-of-May updates are to be taken positively by the community. Also, the entry price is a safety net, considering the linear unlock mechanism designed to release tokens monthly.
NOTE: Not Financial Advice.
merlin 50% target ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
MERL long setup ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer