2026-01-18 13:22:21

MERL's recent trend is worth paying attention to. This asset is experiencing a clear downtrend, with volume breakout patterns indicating weakness. The current decline has exceeded 12%, accompanied by high trading volume and active open interest data, suggesting that the market logic implies the bulls may be under pressure or that major funds are in the process of distributing.

From a technical perspective, the price has effectively broken below a key support zone, and rebounds during trading sessions appear weak, with selling pressure persisting. Based on this structure, the short-term shorting logic is valid. The suggested entry zone is between 0.210 and 0.215, with a strict stop-loss set at 0.230. If the trade goes well, the first target can be around 0.190, with further targets at 0.170.

It is important to note that on lower time frame charts, any rebound back to the previous support zone (now turned into resistance) could become a new short entry opportunity. The entire downward structure currently looks complete, so continuing to monitor market movements is crucial.

MERL8,78%

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MEVSandwichVictim

· 13h ago

Another "perfect shorting opportunity." I'm tired of this kind of analysis. If making money were that easy, it wouldn't be our turn. MERL feels like the main players are repeatedly smashing the market. Only the brave dare to buy at the 0.210 level. That said, breaking below support definitely requires caution. The lack of a strong rebound is still a somewhat risky signal.

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On-ChainDiver

· 13h ago

MERL this wave is indeed interesting. A 12% decline combined with high trading volume, definitely the main force smashing the market rhythm. Wait, will it really drop to 0.170? This data feels a bit too idealized. Honestly short, enter at 0.210-0.215, don't be greedy, and that's it. I've seen many times how weak this rebound is; mostly it will continue downward afterward. Waiting for the moment when support turns into resistance, that's another great shorting opportunity. The market really has its patterns. With such strong selling pressure, is there really no one daring to take the plunge? From the chart perspective, the downward structure looks fine; now just see if it can break 0.170. Rebound gets smashed down again, it's always like this. I'm used to it. The main force has played this game many times; why are retail investors still in?

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MetaMasked

· 14h ago

MERL this wave seems like the main force is harvesting. With such weak rebounds, how can there be a rebound...

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StakoorNeverSleeps

· 14h ago

Selling pressure is so strong that even a rebound is impossible, it feels like the main force is really offloading inventory MERL took a heavy hit this time, losing 12% directly Entering short at 0.210 feels like a gamble, but I’ve never really understood this coin Breaking below support would be troublesome, and weak rebounds are indeed a death signal The market is so active, and the contract data is off the charts... it feels like another harvest cycle The overall structure is indeed intact, but shorting still depends on risk management This short-term logic is valid, now it’s just a matter of whether it can hold until 0.190

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