Emergency Reminder! $MERL L The short-term downward trend is too obvious, the bears are completely dominant, and do not blindly bottom fish for a rebound, as it is easy to get trapped!
The recent trend is clear, three attempts to rise have all hit a wall, and there is simply no momentum to go up. Moreover, large holders have already deposited 16 million pieces into the exchange, and the market sentiment is completely bearish. Supply and demand have long been out of balance, with multiple bearish factors piling up together, and hoping for a rebound in the short term is basically a luxury~
To delve deeper, there are currently fewer buyers and more sellers. Even if some OTC investors temporarily do not move, everyone is already reducing positions in advance, and liquidity has shrunk dramatically. More critically, some OTC prices are relatively low, and early holders are likely to sell at any rebound, creating significant upward pressure!
The core reason is still the large unlocking in December! A total of 70 million pieces will be released, with key dates on 12/12, 12/15, 12/16, and 12/19. Such a large volume in just a few days will push the selling pressure directly to its peak!
Continuous unlocking + arbitrage realization + technical obstacles, multiple bearish factors coming together, the short-term bear trend is particularly clear. Families must tighten this risk string and avoid falling into traps!
