💥 In the short term, the $MERL downtrend is irreversible, with bears completely in control. Trying to catch a rebound is very likely to get you trapped.

The recent trend is very clear: three failed attempts to rally, a major holder deposited 16 million tokens into exchanges, and the market sentiment has turned completely bearish. The supply and demand are increasingly imbalanced, with multiple negative factors piling up, making a short-term rebound basically an illusion.

Looking further back, market signals are also pessimistic: few buyers and many sellers. Even if OTC investors aren’t acting for now, most people will reduce their positions in advance, causing liquidity to dry up instantly. Furthermore, some OTC prices are low, so early holders are very likely to “sell on any rebound” in the short term, increasing the selling pressure above.

The root cause of all this is actually the massive MERL unlock in December: a total of 70 million tokens will be released in a concentrated manner, with key dates on 12/12, 12/15, 12/16, and 12/19. In just a few days, such a large-scale release will push selling pressure to the maximum.

In my opinion, the combination of consecutive unlocks + arbitrage realization + technical resistance creates multiple overlapping bearish factors, making the short-term bearish trend clear. Please be aware of the risks.

#MERL # Bearish warning #MarketRisk