Brothers, today's MERL dish is a bit spoiled! In the early session, it directly staged a 'painting door market' — violently pushing up to 0.14950 USD
Emergency notice! Big moves are coming! The MERL/USDT perpetual contract is performing a high-altitude bungee jump, the market makers are sharpening their knives!
Technical analysis disassembled in bloody detail
Key levels are being closely monitored:
Resistance level: 0.1495 (early session high) has become an iron ceiling; without a volume breakout, it’s just playing tricks! Support level: 0.1027 (near current price) is barely holding, but the 0.1000 psychological level is the real boss! Once it breaks below, we’ll directly look at 0.095.
Intraday chart shows wild fluctuations: The 15-minute candlestick resembles an electrocardiogram; market makers are clearly drawing a triangle between 0.1027 and 0.1100, a direction must be chosen tonight!
Funding situation plays tricks:
Funding rate -0.0044% (bears are profiting), indicating that the bears are secretly building positions, but the rate isn’t high yet, still not in the extreme short-squeeze phase. Open interest is 1.9 million USD; this amount of capital is insufficient for the market makers, and any moment can be pierced by a large order! Basis -0.00018, futures players have already started panic selling.
Hidden dangers in the order book:
Buy order at 0.10276 has 3.886K MERL (about 400K USD) hanging there; looks substantial? But below at 0.10271, there’s an instant drop! Sell order at 0.10275 is suppressing 538 MERL (only 50K USD); this thin resistance can be pierced by a single 4000 USD sell from the big player!
Order ratio +0.10% (pretending bulls are dominant), but in reality, it’s all fishing orders, seasoned investors understand this!
News update with strong implications (just found out!):
The project team tweeted in the middle of the night: The MERL team suddenly announced a delay in the mainnet integration this morning, as the technical flaws haven’t been fixed!
A major bearish signal confirmed! On-chain data alerts: Whale address 0x7f3...d4a recharged 2 million MERL (worth 200K USD) to Binance early this morning, clearly aiming to dump!
The overall market is dragging behind: BTC is stuck at 104795, ETH is declining on low volume, altcoins are bleeding profusely; does MERL want an independent market? Dream on!
If you are still losing, it’s not the crypto market that’s trapping you, it’s that you lack a strategy!
Stay close to me, I'll help you get on board with your brain, not with your guts!
