#Merlinchain $MERL
📊 MERL — What’s the current picture
As of now MERL trades around ≈ $0.30–$0.40 (USD) — recent intraday swings have shown high volatility.
Market cap and circulation: there are roughly 1.05 billion MERL tokens circulating (out of max ~2.1 billion).
Recent price history: it has had sharp gains and big swings — after big spikes, such volatility tends to lead to strong corrections.
🟠 Why this could be a short (bearish) setup
High supply + uncertain fundamentals: with over a billion tokens circulating, sustaining high prices requires continued demand — hard to count on, especially after recent speculative pump.
Volatility & past peak — space for downside: MERL previously hit much higher prices; being far from that peak gives room for pullback if momentum fades.
Whipsaw & profit-taking risk: crypto with big intraday moves often trigger panic selling — good environment for a short trade, if timed well.
⚠️ What could kill the short (risks)
Strong bullish sentiment or renewed hype — if interest returns, MERL could bounce sharply.
Any major development or listing that boosts demand (new exchange, partner announcement etc.).
Liquidity — thin order books can cause erratic moves, both up and down, making shorting risky if not carefully managed.