$MERL is currently looking bearish! The inability to break above 0.5 multiple times is a signal! — A fan asked me to analyze the current trend of
$MERL , so Xiao Qing will briefly discuss it with everyone.
First, the technical aspect lacks upward momentum:
1️⃣ $0.5 is almost a steel top: failing even after three attempts to push through, each time approaching it, there are large holders selling off, clearly indicating that there is significant capital suppressing the price, making it temporarily impossible to break through $0.5.
2️⃣ Unable to move the market: During the breakout, the buying m