$MORPHO is showing strong bullish momentum on the 1H chart. Price has pushed from the 2.30 area to 2.70 with a clean breakout and strong buying pressure.
I’m watching a potential LONG on a pullback rather than chasing the current candle.
EP: 2.62–2.67
TP1: 2.73
TP2: 2.85
SL: 2.54
Key support sits around 2.60, with deeper support near 2.45. The main resistance/liquidity zone is the recent high around 2.73. A clean break and hold above 2.73 could open the way toward 2.85, while losing 2.54 would weaken the bullish structure.
Momentum and volume look strong, but after such a sharp move, a pullback or rejection is possible. This is a trading idea, not a certainty.
I’d rather buy confirmation on a retrace than FOMO into the top. Structure remains bullish while 2.54 holds.
Let's go $MORPHO
I’m watching a potential LONG on a pullback rather than chasing the current candle.
EP: 2.62–2.67
TP1: 2.73
TP2: 2.85
SL: 2.54
Key support sits around 2.60, with deeper support near 2.45. The main resistance/liquidity zone is the recent high around 2.73. A clean break and hold above 2.73 could open the way toward 2.85, while losing 2.54 would weaken the bullish structure.
Momentum and volume look strong, but after such a sharp move, a pullback or rejection is possible. This is a trading idea, not a certainty.
I’d rather buy confirmation on a retrace than FOMO into the top. Structure remains bullish while 2.54 holds.
Let's go $MORPHO
