After years of hustling in this space, I’ve developed an instinct for the market that’s hard to explain. Lately, MERL’s performance has really gotten me on edge.

I’ve barely left my screen these past few days. The bulls have tried to break through the 0.5 level three times already, and each attempt has been aggressive—but what happened? They were all pushed back.

The first time could be called probing, the second a reluctant adjustment, but by the third time—same price level, same playbook—something’s off. The market keeps sending a message, and anyone with experience can tell.

The resistance level stands there like a fortress. Every time it hits around 0.5, selling pressure shows up right on cue, and those long upper shadows on the candlestick chart are just chilling. Behind this kind of movement, either there’s someone with precise control over the market, or there’s a massive number of trapped positions above.

Either way, it’s not good news for retail investors.