From my trading experience, today’s pullback across $MERL (BSC), $INJ and $BANK looks more like healthy risk-off rotation than panic selling. MERL dropping ~5% shows weak short-term momentum after recent activity, so I’d avoid rushing longs until volume stabilizes. INJ’s dip near key levels feels like profit-taking; historically, INJ reacts well if buyers defend structure. BANK’s decline reflects broader DeFi softness, and I’d watch whether it holds above recent demand zones.
In this kind of market, I focus on capital preservation, waiting for confirmation instead of catching falling knives. Sometimes the best trade is patience.