Technical Form and Resistance Levels MERL is currently facing a critical resistance level breakthrough failure, forming a triple top structure, indicating a significant exhaustion of bullish momentum. The three attempts to break through the same resistance area have been strongly suppressed, and market selling pressure continues to accumulate, with major funds suspected of offloading at higher prices.
Supply Pressure and Market Expectations Combined with the massive sell-off expectations unlocked in December, supply-side pressure will further intensify. The leading sell-off by major players may trigger a chain reaction, necessitating vigilance against market risks and avoiding blind buying.
Operational Suggestions and Risk Alerts The current trend has shifted to bearish dominance, and any rebound may be an opportunity to exit or set up short positions. It is recommended to closely monitor market dynamics, manage positions reasonably, and guard against sudden risks.
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