1-hour trade plan
Long- Entry
- $0.026802
- Targets
- $0.0273 · $0.027798 · $0.028296
- Stop
- $0.026304
- Leverage
- 5x
- Risk
- Medium
Why:
- price above the Ichimoku cloud
- Tenkan-sen above Kijun-sen
- close above the close of 26 candles ago (Chikou)
Trend, RSI, Ichimoku, support and resistance for MERL, with a trade plan on three timeframes, from the same engine that runs the signals in the app.
On the daily chart MERL is in a sideways range; RSI(14) is at 46 (neutral zone). The timeframes disagree (1-hour: Long, 4-hour: Neutral, daily: Short). Trade the one that matches how long you want to hold.
Why:
No trade on this timeframe right now. 2 bullish and 1 bearish signals.
Why:
No posts about MERL in the last 24 hours.
| Timeframe | RSI(14) | SMA 10 | SMA 50 | ATR(14) | Ichimoku cloud | Tenkan / Kijun | Support | Resistance |
|---|---|---|---|---|---|---|---|---|
| 1-hour | 51 | $0.027213 | $0.02621 | $0.00033193 | price above the cloud | Tenkan above Kijun | $0.026312 | $0.028427 |
| 4-hour | 54 | $0.026532 | $0.026911 | $0.00071214 | price below the cloud | Tenkan above Kijun | $0.024155 | $0.028427 |
| daily | 46 | $0.027502 | $0.027013 | $0.0024466 | price inside the cloud | Tenkan below Kijun | $0.024155 | $0.033594 |
On the daily chart the signal is Short, on the 4-hour chart Neutral and on the 1-hour chart Long. A long is only a buy when the timeframe you trade agrees and the stop fits your risk. This is analysis, not financial advice.
RSI(14) is 46 on the daily chart (neutral zone), 54 on the 4-hour chart and 51 on the 1-hour chart. Above 70 is overbought, below 30 oversold.
From the last 200 daily candles: support near $0.024155 and resistance near $0.033594, with the price at $0.02681.
Every hour LucyTrade reads the latest 200 candles of each timeframe from Hyperliquid and runs its signal engine: SMA 10 and 50, the Ichimoku cloud, the Tenkan and Kijun lines, the Chikou span, engulfing candles, RSI and ATR. Five checks vote; a clear majority gives the direction, ATR sizes the stop and the targets. The same code runs the app’s signals, backtests and autopilot.
The autopilot watches MERL around the clock, posts every trade plan to your own channel and closes it at its target or stop. Build your own strategy without code, backtest it and let it trade.