$MERL These past couple of days have been too "虚" (weak/fragile).

Three attempts to hit 0.5, three times pushed back down.
It's like there's a glass dome pressing down from above, no matter how many times you jump, you can't break through.

What's even worse—
Every time there's a rally, there's volume, but the buying pressure doesn't follow.
It feels like someone is desperately holding up the scene, but the funds don't buy it, instead awakening the selling pressure above one by one.

This kind of structure makes a sudden reversal very difficult, especially in this weak sentiment right now.
As soon as there's a slight rebound, someone wants to sell, how can the price stabilize?

Honestly, if this weakness continues,
it's not surprising to drop below 0.3, and even test 0.2 going downward.

I'm not trying to be pessimistic, but the chart just shows this.
If you ask me to be optimistic, I really can't do it.

#MERL # Crypto Analysis #Market Observation