Attention! $MERL short signals are piling up, and don't ignore this wave of downside risk!​

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For those struggling in the crypto market, keep a close eye on the MERL coin. The recent situation is really not optimistic, with short signals coming one after another, and the downside risk is increasing!​

Let's first talk about the most intuitive aspect. Over the past several weeks, MERL has attempted to reach the critical price of $0.5, but each time it got close, it was knocked back down and never stabilized. This is not a coincidence; $0.5 now feels like an insurmountable barrier. Every time the price tries to push up, it seems like the trading volume is increasing, but in reality, not many people are buying in with real money, and the bulls simply lack strength. A short-term breakthrough is extremely difficult. ​

Now let's look at the broader environment. Both BTC and ETH are in a correction, and the entire crypto market is anxious. People are hesitant to buy coins, and risk appetite is very low. The newly emerged small coin MERL originally lacked sustainable upward momentum, and now it is under pressure along with the market, doubling the probability of a decline. ​

What's even more concerning are the movements on-chain; those in the know understand this is key! Many holders of $MERL see the price approaching $0.5 and quickly sell to cash out, directly pushing the price down. Moreover, 70 million tokens are about to be unlocked, which is not a small number. When supply increases, the price will certainly be affected. More critically, large holders have already transferred 16 million tokens to exchanges, and the meaning is clear: they are waiting to sell at the right opportunity!​

The current situation is that there are few buyers and more and more sellers, creating a complete imbalance in supply and demand. If things go wrong, it could fall into a cycle of 'the more it falls, the more they sell, and the more they sell, the more it falls.'​

Everyone needs to be aware that at this time, don’t rush in to chase highs; it’s purely jumping into a fire pit. It’s best to observe cautiously. But if you are a trader skilled in trends, this might be a good time to consider short strategies, as you might capture some profits from this downward movement. Crypto investment is inherently risky, and the risks of $MERL are already apparent. It’s essential to respond rationally and not get trapped in this!