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#数字资产市场动态 $MERL has been quite volatile these days, with a nearly 20% decline, and trading volume is still increasing. This is a typical sign of long positions being systematically cleared. The market features are quite obvious — high open interest combined with a lack of resistance during the decline, which usually indicates leveraged longs are being forced to liquidate.
From a technical perspective, each rebound has become a new area of selling pressure, and buying volume simply cannot keep up. There is no solid support below, and the downtrend is still unfolding.
In this situation, following the trend to short is a relatively safer approach:
• Entry range: 0.170 to 0.175
• Stop-loss set at: 0.185 (must be strictly enforced)
• First target: 0.155
• Second target: 0.140
The key is not to dance with the longs' rebounds; each rebound could be an opportunity to offload. With such high open interest, it’s highly probable that the momentum will continue downward before exhaustion.
How dare I take a short position, afraid of a rebound smashing my face.
Fell into the trap again, these data are too heartbreaking.
Sell on the rebound and run, not greedy for those few points.
The trading volume is so exaggerated, it's really dangerous, I'll wait and see first.
A 20% drop is really brutal, who can withstand it?
I've said it before not to chase highs, now it's too late.
Where is the support? Feels like it will break with a poke.
No more believing in the rebound, this time it's definitely fake.
Clearing out and running away is the best strategy.
Another round of bullish slaughter, I’m too familiar with this rhythm
Holding such a high position is really outrageous, still pushing down
See you at 0.155, bulls, goodbye
Feeling confident in shorting this wave, just worried about a sudden black swan
So what if the rebound comes, it’s just a chance to unload
Trading long against this market trend is purely giving away
With such high volume, a reversal is impossible, continue to be bearish
How can anyone dare to buy the dip after a 20% drop? The perspective is still too narrow.
Every rebound is an opportunity to unload. There's nothing wrong with that statement.
I'm optimistic that the bears will keep pushing down; the bottom is still far away.
This position is risky for shorting, but you must stick to your stop-loss, or it will be another bloodbath.
A 20% drop isn't a joke. This time, the bulls are probably doomed.
The bearish signals are so obvious that not following the trend feels like a loss.
Sell on the rebound—that routine has been stale for a long time, yet some still fall for it.
With such high open interest, a downward plunge is just waiting for a liquidation drama.
Dare not to buy the dip, feeling like the bottom hasn't arrived yet.
Doing short at this level feels a bit late, already fallen so much.
Can't find a real support level, it's terrifying.
Obvious distribution rhythm, sell each time you see it.
Waiting to see who gets trapped during the rebound, haha.
The rebound is all a trap, the fate of the bagholders
The bears can still keep eating this wave
The bulls should wake up, stop deceiving themselves
With such an exaggerated open interest, a decline is highly probable
Enter short at 0.170, waiting for the slaughter scene to unfold
This is the market, the price of making quick money
Watch the stop-loss level, don’t be greedy, brother
The bears are really fierce this time; they smash every rebound, I can't catch my breath.
This guy's analysis is clear, but I still want to wait before jumping in, afraid of a reverse dump during the night.
Rebounds are just traps. The bulls really can't keep up this time.
Can it reach 0.155? I bet it will only drop to around 0.162 before bouncing back. What do you all think?
In this kind of market, I only dare to trade lightly. I'm a coward.
Having such a high position size is actually more dangerous. If there's a reverse breakout, it could blow up.
Every time someone says "This wave is safe," but then a gap down wipes out everything. Capital preservation is king.
I really have no guts to short; just looking at it makes me scared.
This analyst might be another reverse indicator. Let's wait and see.
The bears have had a good meal this time, rebounding and then getting smashed, it's satisfying
But those who dared to short at 0.17 have some guts
The rebound trapping people is a bit ruthless, every time it seems like it will go up, then it gets cut again
Do they have to be so invincible, with such terrifying open interest
This wave of contracts has cleared out quite a few newcomers, blood flowing like a river
The bears are really eating meat; they smash every rebound, smashing without mercy.
Still dare to bottom fish? Don't be silly, brother. This downtrend has just begun.
Whether 0.140 can hold is uncertain; I bet it will break through.
Rebound and run, don't be the fool catching the knife.
The open interest is so high, it should have exploded already. The surprise is still to come.
Watching them try to defend the market, it's hilarious, they can't stop it at all.
This round for the bulls is really hopeless; just wait for the liquidation to be over.