$MERL This market trend is still worth chasing? The short-selling feast has just begun 🛑
Simply put, $MERL , don't be fooled by today's leaderboard with +17%.
Looking beyond appearances, the current fundamentals do not support a reversal.
Why look bearish?
Severe oversupply: December is a concentrated unlock period (on the 16th and 19th there is still pressure), with 70 million new coins entering the market; where will the buying pressure come from?
Big players are withdrawing: The 16 million tokens transferred to Bybit on-chain are a ticking time bomb. Major players are fleeing, are you still rushing in?
Technical false prosperity: This sudden surge lacks sustainability; it’s just to trigger retail investors to short, and then gradually unload at high levels.
Operational thoughts:
Now is not the time for greed; it is a time for fear.
The current price range of 0.43-0.44 is an excellent entry point for short positions; set your stop-loss well, this wave of correction isn't over yet. Seize the opportunity as the market structure weakens and go with the flow!
