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#美国核心物价涨幅不及市场预估 $MERL this wave has dropped quite sharply, with heavy volume selling off, and the trend clearly leaves no room for the bulls. The decline exceeds 12%, with active trading volume and open interest, a typical signal of long liquidation or large traders dumping.
The price has already broken through a key support level, and even the rebounds in the middle seem insufficient, with selling pressure coming continuously. From a technical perspective, the structure is quite complete, and the downward logic is valid.
In the short term, consider entering short positions around 0.210 to 0.215, with a stop-loss set at 0.230 (this line must hold). The first target is 0.190, and the second target is 0.170. If during trading the price rebounds back to the previous support level (now turned resistance), that would be a new shorting opportunity, and any rebounds on the hourly chart can be followed.