$MERL These past couple of days, there has indeed been a pullback, and some have started to chase higher. But when viewed within its own structure, entering at this position doesn’t feel comfortable.
After the price reached around 0.45, there were repeated attempts to break through above, but each time the upward movement lacked sustainability, and there was no clear follow-through.
This kind of rally seems more like an erroneous volatility amplification under MERL’s current liquidity conditions.
What the market is showing is not “trying to push the price higher,” but rather “first rall