🚨 Regarding $MERL , the current market environment makes me more inclined to short.

1️⃣ Supply pressure: 70 million OTC tokens will be unlocked in December, with multiple unlock dates (12/12, 12/15, 12/16, 12/19), significantly increasing supply and putting downward pressure on prices.

2️⃣ Arbitrage selling pressure: Early OTC holders have low costs, and rebounds can easily trigger sell-offs, increasing overhead pressure.

3️⃣ Weak market sentiment: Poor liquidity, and the expected selling pressure and emotional reactions caused by unlocking may exacerbate price declines.

⚠️ My personal view: Short-term bearish on MERL, shorting may be a better strategy with an advantageous risk-reward ratio. #dyor