2025-12-25 11:21:26

Recently, MERL's upward momentum has attracted a lot of attention. The market charts are indeed moving, and its ranking is climbing, making the market sentiment seem to heat up suddenly. However, I must be honest—this wave of gains, in my view, is not a sign of a trend reversal; it's just a typical weak rebound. My stance is very clear—continue to be bearish and stick to a core strategy of shorting.

Analyzing from the chart structure, this rally looks more like exaggerated volatility caused by low liquidity. The price briefly surged to 0.44 USDT, with a 24-hour increase of nearly 17%, and its market cap even broke into the top 100 on CoinMarketCap, appearing quite formidable. But if you look closely at the order book depth, there has been no real improvement. What does this indicate? It shows that a small amount of capital can manipulate the price, creating a false volume surge and a misleading sense of market optimism. Essentially, this is setting the stage for distribution, a classic trap to lure in buyers.

The technical indicators further confirm the situation. The price repeatedly hits resistance in the 0.44 to 0.45 USDT range, quickly falling back to 0.436 USDT after a brief rally, indicating that selling pressure above remains fierce. The KDJ indicator has entered overbought territory, and the negative MACD histogram continues to expand, all signaling that no substantial trend change has occurred. The bearish structure remains intact and unbroken.

On the trading front, I choose to follow the trend and short, avoiding chasing the highs. The core strategy is to look for shorting opportunities within the 0.44 to 0.45 USDT range, with a stop-loss set at 0.46 USDT. The first target is around 0.38 USDT. If the price effectively breaks below 0.4 USDT later, it can be considered a continuation of the trend, allowing for additional short positions, with the stop-loss moved to 0.42 USDT. The target zone is set between 0.32 and 0.35 USDT.

Overall, before reaching 0.5 USDT, my bearish outlook on MERL will not change. Those rebounds are mostly just emotional corrections and do not alter the underlying bearish trend. The smartest move at this stage is to manage risk carefully and follow the trend to short, rather than betting on a bottom reversal.

MERL4.67%

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LostBetweenChains

· 10h ago

The trap of诱多 is too obvious. With such poor liquidity, you still dare to rush in? Wait to be cut. Once again, a typical rebound as a turning point. I really don't understand some people's logic. After hitting a wall at 0.44 so many times, are there still people buying the dip? Wake up. Whether shorting makes money or not, let's not talk about that. At least you don't have to gamble on luck, it's safer. KDJ overbought and MACD negative bars, isn't that a sign to keep smashing down? It feels like the same routine every time: first诱多, then distribute. The little guys just can't learn. Instead of chasing highs and gambling on luck, it's better to wait until below 0.4. The risk is much lower.

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mev_me_maybe

· 10h ago

The pump-and-dump tactics are all too familiar, with a few small retail investors able to manipulate the market under low liquidity. It all looks lively but is actually empty. Let's wait and see the 0.38 drama; the rebound is just a breeding ground for distribution. At the 0.44 level, there's heavy selling pressure, and it can't break out at all. The technicals are completely rotten. I really can't see any logical reversal in this wave; just keep shorting. A few people are celebrating, while most are taking the hits. This story has been told too many times. KDJ is overbought, and MACD is still expanding—how can it go up... Only after breaking 0.4 is it worth taking seriously; otherwise, it's just a repeated game of cutting the leeks.

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WalletDoomsDay

· 10h ago

Here comes the manipulation again, I knew it would turn out like this. The bearish structure hasn't been broken, holding on tightly; the 0.44 area is the escape line. I've seen too many tricks of smashing the market with low liquidity; a small amount of funds can create momentum. Wake up, everyone. KDJ overbought, MACD negative bars—aren't these signals for shorting? Those chasing the high are just bagholders. Fake prosperity before distribution; I bet it will see 0.38, stop-loss at 0.46 is enough. Stay firm, continue to short MERL; a bottom reversal is just a gambler's game.

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HalfIsEmpty

· 10h ago

I've seen this trick of诱多 many times; just waiting to add positions when it breaks 0.4. It's the same low liquidity game again; retail investors rushing in one after another is really ridiculous. KDJ is overbought, and people are still chasing? Wake up, everyone. Repeatedly hitting 0.44 shows what? That there's strong resistance above. I already said there's nothing wrong with being bearish. This kind of rebound is just an opportunity for the main players to distribute. Bulls, it's time to wake up.

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UncommonNPC

· 10h ago

Damn, it's another trick to lure more buyers. I've seen through it long ago. The pattern is so obvious—daring to boast when liquidity is poor. KDJ is overbought, and people are still chasing? Serves them right to get cut. I'm still sticking to the short-term strategy, shorting at 0.44 and it's over. This rebound can't even hold up to 0.5.

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