#美SEC促进加密资产创新监管框架 getting straight to the point: $MERL both the current technicals and fundamentals are flashing danger signals.

First, let's talk about on-chain anomalies. Today, we detected a shocking move—a certain whale address transferred 16 million $MERL to an exchange in a single transaction. In market terms, this kind of deposit usually has only one interpretation: preparing for large-scale selling.

Next, let's look at the candlesticks. The 0.5U level has failed three tests, and each rebound has been accompanied by obvious selling pressure. Technically, this is called a "false breakout"—the main players use the rebound to offload their holdings, and as soon as retail investors buy in, the price drops right back down.

The most critical issue is the timing. In mid-December, 70 million OTC tokens are about to enter circulation. What does this mean? In the short term, the market will face potential selling pressure several times the current circulating supply. Once a supply-demand imbalance forms, the price discovery mechanism fails.

Many people like to talk about the logic of a "deep pullback rebound." But don't forget, the validity of support levels is built on buying interest. When an unlock wave meets whale dumping, liquidity drying up is a high-probability event.

Investing carries risks. If you really believe in this asset, at least wait until the unlock selling pressure is released before considering an entry. Getting in now? Unless you're absolutely confident in your risk control. The market won't buy in just because of your conviction.