The recent trend of MERL is really typical. It looked quite strong during the pump, but once it held above at a high position, it started to plummet.

The pullback after such a rapid pump is actually a common tactic for many altcoins. Those that rise quickly often fall just as fast, especially in the absence of substantial positive support.

At this position, I personally think that going short might be a good opportunity. Of course, the risks are on you, and everyone should still control their positions and not go all in. When the market is highly volatile, protecting the principal is the most important.

MERL11.42%

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MEVSandwichMaker

· 11-29 20:26

It's the same old trick again, pump to the top of the mountain and then throw the blade, it's been played out.

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HypotheticalLiquidator

· 11-29 10:45

Holding above at high positions leads to a plummet, and this health factor has long been off the charts. --- A typical night before a series of liquidations, the liquidation price is right in front of us. --- Daring to pump without fundamental support, this round of dominoes will eventually fall. --- With borrowing rates soaring, shorting? I choose to stay away; once the risk control threshold is breached, it becomes systemic risk. --- The rise is fierce, and the pullback is even fiercer; at this pace... I bet five bucks it will continue to plummet next week. --- Don't go all in, seriously; with volatility so high, a series of liquidations can happen at any time. --- Holding above for three seconds leads to a plummet; I've seen this strategy too many times. --- Shorting sounds appealing, but the market sentiment for this kind of coin can change at any moment; caution is advisable.

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BlockchainWorker

· 11-27 01:50

This is a typical altcoin play people for suckers trap, pump for a while and then run, once they rub their butts they start dumping.

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FallingLeaf

· 11-27 01:40

Another trap? I'm tired of the price turns lower after positive open tricks.

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