MERL's recent trend is worth paying attention to. On December 19th, 36 million tokens will be unlocked, and this major event is suppressing market sentiment — based on community feedback, the current sentiment is mostly bearish. The technical indicators are also not optimistic; RSI(6) has fallen to 10.84, entering the oversold zone, but this extreme reading has not triggered the expected rebound; instead, it indicates that the bearish momentum remains fierce.

Looking at the trading side, the 24-hour trading volume is only $19.62 million, and the key issue is that there is a lack of effective buy orders to absorb the selling pressure, indicating weak market participation and buying interest. From a trading perspective, this combination — unlocking pressure + oversold technicals with no rebound + insufficient volume — forms a typical bearish pattern.

If you want to participate in this trend, the strategy for shorting is to follow the trend: set a stop-loss at $0.285, with a target at the support level of $0.24. Opportunities driven by fundamentals combined with technical confirmation are often the focus for traders.