$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
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
