Recently, $MERL has indeed been a bit challenging. The position at 0.5 has been charged three times without success; each time it gets close, it turns back, and there's a bit of an increase in volume, clearly indicating that someone is waiting above with orders to sell.

Additionally, in mid to late December, there will be a routine unlocking of tens of millions of coins, and in the past few days on-chain, several large holders have been seen withdrawing coins to exchanges. Although this is just normal rebalancing, the market tends to overthink these actions, and sentiment quickly sours.

Now, the rebound feels weak, and trading volume isn't picking up; short-term trading is indeed not fun.

My feeling is that for the second half of December, there is a high probability it will still be biased towards weak fluctuations, and the rebound space is likely limited, so don't hold too high expectations.

In terms of operations, let's keep it simple: • For those with heavy positions, take the opportunity to short when it rebounds to around 0.42-0.45; right now, 0.41 is a good short position.

• For those with light or no positions, don't rush to get in; wait until the unlocking period is over and the price and volume stabilize before considering.