2026-01-20 05:28:37

MERL's recent movement is honestly a bit fierce. After a volume-driven decline, it broke through support directly, and with high positions still holding, it’s crashing even further. This is basically a clear signal that the bulls are being liquidated on a large scale.

Looking at the chart details—daily decline has already exceeded 22%, and trading volume has significantly increased. Usually, such high open interest combined with a sharp price drop indicates either leveraged longs being liquidated in succession or major players actively selling off. Neither of these are healthy signs of a correction.

**From a technical perspective:** The price has already broken away from the main support zone, and there is no obvious buy-side support below. This means the rebound space is limited, and any upward bounce to the previous support zone (now turned resistance) presents a new shorting opportunity.

**If you want to participate in this opportunity:**
- Entry range: 0.168 - 0.172
- Stop-loss: 0.180 (this is mandatory)
- Target 1: 0.155
- Target 2: 0.140

Additionally, the official Aster buyback wallet has reached 2 million USD. This is a tangible action, and there is still a chance for a price rebound. But the current weak pattern suggests that short-term shorting is the clearer strategy.

MERL-12,98%

ASTER-3,99%

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MetaverseLandlord

· 14m ago

A 22 percentage point drop, this isn't a correction, it's a slaughterhouse... The bulls have really been chopped into pieces. Wait, even the official 2 million buyback can't save this situation? Feels a bit mysterious. After breaking the level, still want to rebound and test resistance? Thinking about it, maybe forget it, can't afford to lose. Actually, around 0.17, when it peaks, I should have run. Unfortunately, I'm a chart-reading expert but a hindsight strategist. Damn, the shorting opportunity is so clear, why didn't I get in earlier? Now entering feels a bit late, right? Betting on a rebound is less reliable than betting on further decline. If the market shows no support, it's a death signal.

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MEVSandwichMaker

· 10h ago

22% direct plunge, is this a long liquidation or the main force dumping? It’s hard to tell if this is a correction at all. However, the 2 million buyback wallet is confirmed, and there’s still hope for this matter. The short-term shorting opportunity is clear, so just don’t be greedy, set your stop-loss properly. When will there be a decent bottom? Every day is testing the bottom. Entering at 0.168 to try isn’t impossible, just worried about another wave coming back.

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PerpetualLonger

· 10h ago

Something's off. The bears are manipulating the market again. This is the best time to add to your position.

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PanicSeller69

· 10h ago

A 22% decline is still called a healthy correction, a typical bullish wipeout.

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StablecoinEnjoyer

· 10h ago

22% direct limit-down, this wave is really intense. How are the bulls still holding on? I support the official buyback action, but currently the bears do have the advantage. This person's stop-loss setup is quite meticulous, clearly set at 0.180. It seems MERL still needs to be tested in the short term, don't rush to take over. The main force's intention to unload is already very obvious; such a large volume isn't a good sign.

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ForkItAllDay

· 10h ago

A 22% decline is still falling; it's really time to eat noodles. How haven't the bulls learned to cut losses yet?

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