2025-12-25 02:24:25

As the year comes to an end, the market shows no signs of holiday cheer. Recently, I've been watching MERL's trend and noticed a very obvious pattern: whenever it rises, someone dumps.

Each upward breakout is only sustained for a few candlesticks before being pushed back down. What does this reflect? There are basically no more buyers at high levels, and holders are constantly looking for an escape window.

More importantly, a large amount of chips is about to flow into the market. This information is well known to the market. Even if it doesn't lead to immediate sell-offs, everyone is on the defensive. Who would chase the highs at this point? Naturally, the rebound appears very fragile.

From a trading perspective, I wouldn't bet on a breakout. Instead, I would wait for the price to rebound to around 0.47-0.49, then consider shorting with a stop-loss above 0.52. If wrong, admit the loss—there's no need to overthink.

The characteristic of this kind of market is: it doesn't crash all at once, but rather struggles to move up, slowly grinding sideways, gradually eroding the bulls' patience.

At least during this end-of-year period, MERL is a stock I prefer to stay defensive on, or even lean towards shorting.

MERL0.98%

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0xInsomnia

· 3h ago

The rhythm of smashing the market is really ruthless, repeatedly shaking out traders and crushing their psychology. It's the same old trick of bottoming out, rebounding then dying, unable to rise more than a few lines before being hammered back down. Clear short-selling strategy, thumbs up. As the year-end approaches, defense is indeed the priority in this market. In this high-level situation where no one is willing to buy, holders probably can't wait to sell out. Shorting around 0.47 is indeed a good idea, just worried that the chips might be hammered down more aggressively than expected. Those holding positions, just wait to be slowly worn out, haha.

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DAOdreamer

· 3h ago

No follow-through at the high level, this wave is just testing patience. Short at 0.47. See you there.

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wrekt_but_learning

· 3h ago

Grinding to the bottom is exhausting. In this kind of market, it's the most torturous. When it rebounds, you want to chase, but end up getting trapped and stuck.

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FudVaccinator