Bro, $MERL has been quite interesting lately, with the price rising to $0.44, a 10% increase in 24 hours, and over 20% in 7 days, while the trading volume has also awakened. However, there is still selling pressure above $0.45-$0.50, and the risk of a pullback after a surge is not small. On December 19th, there will be a small unlock (only 8.8 million pieces, accounting for 0.4%), which is not large, but retail investors tend to panic; once emotions collapse, it can lead to a downturn. For those heavily invested: you can reduce your position or hedge short near $0.44-$0.48, with a stop loss set above $0.50 to guard against a BTC surge. For those without a position: don’t rush to chase the highs; wait for the unlock to settle and for a dip below $0.40 to buy in more safely. The medium to long-term linear selling pressure continues, and overall it remains bearish. Playing this requires patience, keeping a close eye on the volume and on-chain data; there may be a rebound soon, and I believe it will be an opportunity to short.