web3小晴

$MERL is currently on a downtrend! Failing to break 0.5 multiple times is a signal!—A fan privately messaged me to analyze the current trend of $MERL, so Xiaoqing will briefly discuss it with everyone.

First, the technical side lacks upward momentum:
1️⃣ 0.5 dollars has almost become a firm ceiling: failing to break through three times, each time approaching there are large players selling off, clearly indicating that there is significant capital suppressing the price, and it can't temporarily break through 0.5 dollars.
2️⃣ Unable to lift the price: during attempts to break through, buying pressure is insufficient, even the main players are hesitant, and upward momentum is currently lacking.
3️⃣ Impact from the broader environment: BTC and ETH are both retracing, making it even harder for MERL to climb upwards.

The supply side is even worse:
📅 December unlock impact: On the 12th, 15th, 16th, and 19th, nearly 70 million coins will be unlocked continuously, causing a huge increase in the circulating supply. The expected pressure has made buyers hesitant to step in.
💰 Early OTC low-cost chips: Those who acquired at low prices before will definitely want to sell now that the price has risen, and each rebound is an opportunity for them to offload.

Recent operation suggestions:
Entry point: Near the current price or when rebounding to the 0.48-0.49 range, sell in batches.
Stop-loss point: Firmly set above 0.505 (above the three previous highs).
Target point: First look at 0.42, if it breaks, look below 0.40.
Temporarily short, ensure to set stop-loss, don't bottom fish as the trend weakens, look for opportunities around 0.2!

K-line signal:
Daily line shows consecutive upper shadows, failing to break resistance three times, forming a local "triple top." Volume has shrunk and the rebounds are weak, waiting for a volume increase to break below 0.45 will confirm accelerated decline.

#MERL short #Unlock sell-off

$MERL The third attempt to break 0.5🔪 has failed again! It's clearly lacking momentum, and currently bearish⬇️

In the past few weeks, 0.5 has been a clear resistance level for $MERL. As it approaches 0.5, selling has noticeably increased, and the buying volume hasn't kept up, leading to multiple failures to break through 0.5. Additionally, with Bitcoin and Ethereum also pulling back, $MERL is under more pressure. Furthermore, ⚠️ it has been noticed that a major player transferred 16 million MERL to Bybit over the past couple of days. Those in the know understand that this could likely mean preemptive selling pressure, so retail investors should be cautious about jumping in❗️

It's quite difficult to see a price increase in the short term; it might even lead to a direct waterfall📉. The bulls are currently in danger, so it might be better to follow the cautious approach of Xiaoqing! If you accidentally ended up with more, don't hold on stubbornly, it's better to wait until around 0.2 to consider buying more🐛!
#MERL

I started buying puts at 40 when I was #Trump , and now I'm 26👀. How are the partners who added positions at high prices? It still needs to drop, expected to rise again around 23, those who want to add positions can wait a bit longer☝️

Fingerprint browser has leaked, self-check! Self-check! Self-check!
Netizens in the comment section have already commented on their rights! Listen to me, use a reliable exchange! There is protection

#币圈翻车日记:我的2024坑爹时刻 #特朗普加密政令 #市场回暖新机遇

In fact, it's important to maintain a stable mindset. Playing until now, I've realized that in the cryptocurrency world, the ups and downs are not important; what's important is the mindset.

#特朗普就职后行情怎么走？

Trump is amazing 👍
After maximizing his celebrity effect, he even had his wife come out to take a cut, and now even the nanny wants to stand out. I thought the next one would be his child.
#TRUMP市值突破