Brothers, December is a big test for $MERL ! I looked at the data, and there are four waves of intensive OTC unlocks this month (12/12, 15, 16, 19), totaling a whopping 70 million MERL to enter circulation.

This is no small number; such a level of supply shock, regardless of whether early investors sell or not, will cause the market to fall out of respect. This is a typical 'expectation gap' game. Moreover, for large holders who acquired their assets early, the current price still offers potential profits, and securing profits is human nature. With so many chips hanging over our heads, the major funds certainly won't foolishly raise the market to lift the unlockers.

Since we have the sword of Damocles hanging overhead, let’s not stubbornly push against it. As the unlock dates approach, the market pressure will only increase. This downward trend has already formed; only by driving the price down and releasing this selling pressure will there be a sufficient exchange of chips for a new market trend. In the short term, be bearish but do not short (meaning do not blindly go long), and patiently wait for the price to fall to around 0.2, where perhaps will be the end of this round of washing and the starting point for new opportunities.