MERL this wave of market movement is worth paying attention to. After a volume-driven decline, a breakdown pattern appeared. Despite holding positions at high levels, the price continued to fall. What is usually hidden behind this? Long positions being liquidated, or major players quietly offloading.

The data makes it clear—daily decline exceeds 17%, and trading volume has significantly increased. This is a typical sign of weakness. On the market chart, selling pressure persists, but no effective buying has been seen to absorb it. When high-position holdings encounter falling prices, it generally indicates two situations: either longs are being liquidated, or large investors are actively offloading.

From a technical perspective, key support levels have been broken, and the downside space has opened up. When a rebound is weak, it’s an opportunity to short.

📊 Trading strategy:
Short position
Entry range: 0.200-0.205
Stop loss set at: 0.215
Target 1: 0.180
Target 2: 0.155

Continue to monitor this coin’s performance. If the volume continues to shrink without a rebound, the downside space could be larger than expected.