🪙 ASSET: $MORPHO /USDT 4H (Binance Perpetual)
🔴 DIRECTION: SHORT (Short position)
📉 TREND: Distribution near resistance at 2.10. Double rejection from this level, RSI ~48 on 4H — overbought conditions cooling down. TradingView consensus: Sell, sentiment score 2.5/10. Price down -16.5% for the month, despite bouncing from 1.55. Bearish deviation — upward breakout above $1.69 followed by a return below it.
🎯 Entry: 2.050 – 2.120
🔴 Stop Loss: 2.200
🟢 Take Profits:
TP1: 1.950 — support zone 1.95-2.00
TP2: 1.850 — firm support, consolidation zone
TP3: 1.690 — key horizontal resistance/support
🔑 Levels:
SL (2.200): Above the double high + protection against squeeze continuation
Entry (2.050–2.120): $2.10 resistance zone
Resist (2.100): Key resistance (double rejection)
Support (1.950): Recent breakout zone
Support (1.690): Key horizontal level
R/R: 1:1.5 → 1:4.1
⚠️ This analysis is not financial advice. Trade at your own risk.$MORPHO
🔴 DIRECTION: SHORT (Short position)
📉 TREND: Distribution near resistance at 2.10. Double rejection from this level, RSI ~48 on 4H — overbought conditions cooling down. TradingView consensus: Sell, sentiment score 2.5/10. Price down -16.5% for the month, despite bouncing from 1.55. Bearish deviation — upward breakout above $1.69 followed by a return below it.
🎯 Entry: 2.050 – 2.120
🔴 Stop Loss: 2.200
🟢 Take Profits:
TP1: 1.950 — support zone 1.95-2.00
TP2: 1.850 — firm support, consolidation zone
TP3: 1.690 — key horizontal resistance/support
🔑 Levels:
SL (2.200): Above the double high + protection against squeeze continuation
Entry (2.050–2.120): $2.10 resistance zone
Resist (2.100): Key resistance (double rejection)
Support (1.950): Recent breakout zone
Support (1.690): Key horizontal level
R/R: 1:1.5 → 1:4.1
⚠️ This analysis is not financial advice. Trade at your own risk.$MORPHO