#MSCI未来或纳入数字资产财库企业 $MERL's recent performance is quite interesting—there's a surge in volume followed by a sharp decline, with a drop of over 12%. From a technical perspective, this decline is quite intense, with high trading volume combined with an increase in open interest, likely indicating that bulls are being squeezed or that the main players are offloading.
In the market, the price has already broken through a key support level, and the rebound lacks strength, with selling pressure persisting. The short-term bearish logic remains quite clear:
**Short Selling Strategy** Entry Range: 0.210 - 0.215 Stop Loss: 0.230 (this line must not be broken) First Target: 0.190 Second Target: 0.170
On lower timeframes, as long as a rebound hits the previous support level (which has now turned into resistance), it presents a new shorting opportunity. The overall downward structure still appears quite intact from a chart perspective; continue to monitor the trend.
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ShibaMillionairen't
· 5h ago
Oh no, it's the same short-selling logic again, feels like it's repeating every day... Have the bulls really been crushed or is the main force just trying to scare us retail investors?
Is the main force dumping? Nonsense, who would dare to buy the dip now? Wait until it drops to 0.170, there's still time to spend.
Entering at 0.210? I doubt it, the rebound at this level isn't strong enough, with so many resistance levels. Better to wait until 0.190 to make a move.
Breaking support isn't surprising; it's happening every day. The key is whether it can hold steady. Right now, it looks pretty weak.
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RetiredMiner
· 5h ago
The bulls have been crushed again, this pace looks a bit fierce.
Bitcoin's recent drop was indeed quite harsh, and our smaller coins are even more so, with a direct plunge comparable to layoffs.
I looked at the MERL data, and when it broke support, it was really like "Oh my mother," the rebound was insufficient and it completely cooled off.
However, I need to think more about this shorting range; entering at 0.215 feels a bit rushed. Anyway, I won't be bottom-fishing.
Whoever is bottom-fishing in this kind of market is the daddy. I can survive and see the rebound day without doing anything.
The main force's selling moves are indeed large; the brothers who bought at high levels will probably get burned again this wave.
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SleepyArbCat
· 5h ago
Sigh... Another scene of a bullish bloodbath, MERL's move is indeed fierce. Entering at the 0.21 range is tempting, but I haven't fully woken up from my nap yet. I'll take another look at this arbitrage opportunity tonight when my mind is clearer.
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AlphaLeaker
· 5h ago
The bulls got crushed again. This wave of MERL selling is really fierce. Those who bought at high prices must be feeling uncomfortable.
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SignatureCollector
· 5h ago
Damn, it's another scenario where the bulls get wiped out. This time MERL really isn't messing around.
Breaking the level is one thing, but the key is that the rebound can't even make a decent attempt, that's the most brutal part.
The 0.170 target feels a bit out of reach; we'll see if the rebound can hold up before making any judgments.
The main force's move to dump feels pretty aggressive; such strong volume usually isn't a good sign.
I've understood the short-term bearish logic, but I'm just worried that the reverse smash attack might happen again.
#MSCI未来或纳入数字资产财库企业 $MERL's recent performance is quite interesting—there's a surge in volume followed by a sharp decline, with a drop of over 12%. From a technical perspective, this decline is quite intense, with high trading volume combined with an increase in open interest, likely indicating that bulls are being squeezed or that the main players are offloading.
In the market, the price has already broken through a key support level, and the rebound lacks strength, with selling pressure persisting. The short-term bearish logic remains quite clear:
**Short Selling Strategy**
Entry Range: 0.210 - 0.215
Stop Loss: 0.230 (this line must not be broken)
First Target: 0.190
Second Target: 0.170
On lower timeframes, as long as a rebound hits the previous support level (which has now turned into resistance), it presents a new shorting opportunity. The overall downward structure still appears quite intact from a chart perspective; continue to monitor the trend.