The year is coming to an end, but this market doesn't show any signs of a holiday atmosphere. Recently, I've been paying attention to MERL's performance, and to be honest: whenever this coin rises, someone sells off. Every time the price tries to break upward, just a few candlesticks appear before it's hammered back down. This pattern clearly indicates the problem—at high levels, there's no one willing to hold the position, either because no one dares to chase the high or because those who bought earlier are looking for an opportunity to cut their losses and exit. Based on the market reaction, it's mostly the latter.