Guys, the market for $MERL looks quite severe right now, with multiple adverse factors stacking up. This might be a good time for a short positions setup.

First, let's talk about the pressure on the supply side. Recently, approximately 36 million pieces of $MERL were just released on December 19, which directly led to a surge in circulation. Such unlocking events often trigger a cash-out wave among holders, especially those early investors who bought in at low prices. Once they see signs of a rebound, they will sell without hesitation, further suppressing the price.

The technical indicators are also not optimistic. This cryptocurrency has attempted several times to break above the $0.5 mark, but all have ended in failure, with massive sell orders blocking the way each time. Although trading volume has increased, the price remains stagnant, and this typical divergence phenomenon indicates that the bulls are losing strength. Moreover, with BTC and ETH still in a state of fluctuation and adjustment, the overall sentiment in the crypto market is low, and the rebound momentum for $MERL is severely lacking.

The flow of funds has only made matters worse, with investors' overall risk appetite declining and capital withdrawing from high-risk assets. Small-cap coins like $MERL have naturally become a disaster area, with buying interest sluggish and major funds disinterested in supporting the market, making it easier for prices to tilt downward.

Various signs indicate that $MERL may be entering a trajectory of strengthened sell-off expectations, slowly declining until triggering a chain panic.

The idea for laying out short positions: Open a position around 0.44-0.46 USD, which is a range where short-term highs frequently occur, making it suitable for entering from a high point. Set the stop-loss line above 0.49 USD. If it can really break through 0.5 USD steadily, then exit to prevent a bullish counterattack. In terms of candlestick signals, when a rebound touches the opening position, if a hammer line or bearish engulfing pattern appears, you can confidently add to the position. After losing 0.43 USD, chase the shorts; the first target is 0.37 USD, and the next is 0.32 USD.

This market is worth paying attention to, don't miss the opportunity! $MERL $BTC