MERL, don't rush to hop on this wave! Does it look like a rebound? Actually, it's a trap to lure more buyers. The high-level candlestick with increased volume but no upward movement is a classic sign of distribution. Looking at the moving averages, they are all under bearish pressure. Many people are waiting to cut their losses above. Signs of main capital outflow are already very obvious. Entering now would just be helping others to push the price up. If you're trying to bottom fish, you should wait until around 0.2, which is the real support level.