Market observations show that the MERL token has experienced a pump this morning. Analysts expect there may be another rise opportunity before it goes live on the Korean exchange. For investors with a strong risk tolerance, small position go long can be considered, but it's essential to set proper take profit and stop loss levels, as pullbacks for such coins often come quickly. More conservative investors can continue to watch and wait for a clearer trend to emerge before taking action. Another strategy is to wait until the coin is listed and set a short order at a high level. However, regardless of the strategy taken, investors need to carefully assess risks and manage funds. In the current market environment, the fluctuation of small market capitalization tokens may be more intense, and investors need to stay alert and not be misled by short-term gains.