MERL has been reverted again? After three consecutive failures at 0.5, only the slope remains.

In the past few days, looking at the market for $MERL , to be honest, it feels like a state of 'holding on until suddenly losing strength.'

At this position of 0.5, there have been three attempts and three returns, as if hitting an invisible iron ceiling, with buying pressure being pushed down each time it tries to rise.

What’s even worse is that today’s market rebound has no continuity — the trading volume has dropped off like a power outage, and active buying has almost disappeared, leaving only scattered follow-ups. You will find: as soon as the price approaches the upper resistance zone, the sell orders pile up directly, with selling pressure waiting in line to strike.

This structure is no longer 'weak' but is a typical case of trend exhaustion + solidified selling pressure above.

In short: there’s no one to catch it going up, and no one to stop it going down.

In this pattern, it’s not an exaggeration to say that if MERL is really pressed down to around 0.2, I won’t be surprised at all — rather, that would seem like a real position that could clean the emotions.

In the short term, I only see one direction: continue to grind down.

As long as the structure is not repaired, this wave of MERL’s market has no bright spots to speak of; the pressure that should come will not be lacking.

Perhaps only when it gets to around the 0.2 region will the market truly give it another chance.