The MERL bearish trend is clear, don't blindly buy the bottom now, keep an eye on the key signals to be reliable! Recently, the market has been weak, BTC and ETH have fallen sharply and liquidity has tightened, and the super cycle is likely to be postponed. MERL has failed to break through the $0.5 resistance three times in the past month, and the false breakthrough trap is obvious, and the rebound is weak and still showing a downward trend.

More importantly, the supply peak in December peaked, with a total of 70 million unlocked in the four nodes from 12 to 19, and emotional selling pressure, low-cost arbitrage and selling orders superimposed on the lack of market acceptance, further suppressing the rebound space. About $0.2 is the turning point of the core observation, which is in line with the cost of project operation and maintenance, and is also a watershed in retail investors' sentiment.

Don't panic in operation, wait for the rebound of $0.45-0.48 to encounter resistance or the volume breaks the previous low before laying out short orders, and strictly stop loss and do not carry orders. The bear market is stable by taking advantage of the trend, keeping an eye on the key price, only making understandable trades, and surviving and waiting for opportunities!

#MERL