2026-01-18 13:22:21

MERL's recent trend is worth paying attention to. This asset is experiencing a clear downtrend, with volume breakout patterns indicating weakness. The current decline has exceeded 12%, accompanied by high trading volume and active open interest data, suggesting that the market logic implies the bulls may be under pressure or that major funds are in the process of distributing.

From a technical perspective, the price has effectively broken below a key support zone, and rebounds during trading sessions appear weak, with selling pressure persisting. Based on this structure, the short-term shorting logic is valid. The suggested entry zone is between 0.210 and 0.215, with a strict stop-loss set at 0.230. If the trade goes well, the first target can be around 0.190, with further targets at 0.170.

It is important to note that on lower time frame charts, any rebound back to the previous support zone (now turned into resistance) could become a new short entry opportunity. The entire downward structure currently looks complete, so continuing to monitor market movements is crucial.

MERL-1,78%

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HodlAndChill

· 01-21 03:18

MERL is indeed selling off this time. I think there's still a chance to short at 0.210, but the key is to hold the 0.230 level.

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just_another_wallet

· 01-20 21:18

MERL this downtrend structure does have some substance... But wait, is it really that obvious that the main force is unloading? I think we might need to watch a bit more. --- High trading volume and open interest again, I've seen this routine too many times, and it usually ends with a trap. --- 0.210 is a really bold level to bottom out, I don't have that much courage. --- Relying on a weak rebound is unreliable. I'd rather wait for it to drop another two points before jumping in. --- Honestly, after reading this analysis, I still feel a bit anxious, I always feel there are more traps ahead. --- Complete downtrend structure? It looks more like a trap to me. --- Target directly hit 0.170, this move is quite aggressive. --- Support turning into resistance, a classic technique, but whether it can hold is the real question.

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MEVSandwichVictim

· 01-18 13:50

Another "perfect shorting opportunity." I'm tired of this kind of analysis. If making money were that easy, it wouldn't be our turn. MERL feels like the main players are repeatedly smashing the market. Only the brave dare to buy at the 0.210 level. That said, breaking below support definitely requires caution. The lack of a strong rebound is still a somewhat risky signal.

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On-ChainDiver

· 01-18 13:49

MERL this wave is indeed interesting. A 12% decline combined with high trading volume, definitely the main force smashing the market rhythm. Wait, will it really drop to 0.170? This data feels a bit too idealized. Honestly short, enter at 0.210-0.215, don't be greedy, and that's it. I've seen many times how weak this rebound is; mostly it will continue downward afterward. Waiting for the moment when support turns into resistance, that's another great shorting opportunity. The market really has its patterns. With such strong selling pressure, is there really no one daring to take the plunge? From the chart perspective, the downward structure looks fine; now just see if it can break 0.170. Rebound gets smashed down again, it's always like this. I'm used to it. The main force has played this game many times; why are retail investors still in?

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MetaMasked

· 01-18 13:30

MERL this wave seems like the main force is harvesting. With such weak rebounds, how can there be a rebound...

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StakoorNeverSleeps

· 01-18 13:22

Selling pressure is so strong that even a rebound is impossible, it feels like the main force is really offloading inventory MERL took a heavy hit this time, losing 12% directly Entering short at 0.210 feels like a gamble, but I’ve never really understood this coin Breaking below support would be troublesome, and weak rebounds are indeed a death signal The market is so active, and the contract data is off the charts... it feels like another harvest cycle The overall structure is indeed intact, but shorting still depends on risk management This short-term logic is valid, now it’s just a matter of whether it can hold until 0.190

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