To be honest, this time it was really planted! MERL has cost me a lot of tuition 💸

Last week, I watched the price rush all the way up, thinking that I was going to touch 0.5 dollars, so I had to hurry up and get on the car? As a result, as soon as he entered the market, he turned around and fell. Looking back now, that wave of operations is simply a textbook-level case of chasing heights.

In the past few days, I have been staring at the market and found an obvious problem: the $0.5 position cannot be rushed at all. I have tried it three times, and every time the price is close, on the surface, the transaction volume is quite active, but the actual situation is that the seller is queuing up to ship, and the buyer does not dare to take it at all. Those big funds? I was as cautious as anything, and I was unwilling to take over at a high level at all.

Now this price point has become a wall. People who make money in the early stage are piled up there waiting to cash out, as long as the price rises slightly, someone will immediately smash the market. Occasionally a little bit of buying and want to pull it? Instantly pressed back by the sell order, completely temperamental. People who chase the rise are basically trapped halfway up the mountain.

The on-chain situation is even more telling 😱. Every time the price moves towards 0.5, you can see that a large number of addresses are reducing their holdings. As soon as this supply pressure rises, how can prices still have room to rise?

To sum it up: the bears now have an absolute advantage. Next, you will either grind at a high position, or slowly go down, want to break through? There is basically no drama in the short term.

A piece of advice for everyone - don't chase high impulsively! Position management must be done well, don't be like me who is all in when your brain is hot. Either wait for a clear low signal before entering the market, or wait and see first, don't rush to catch the flying knife of the fake breakthrough.

This wave of lost money should be used to pay tuition fees. Don't repeat the same mistakes!"