$MORPHO — 2.5307 supply crushing the bounce, more downside loading...
Trade Plan: Short $MORPHO
Entry: 2.48 – 2.52
SL: 2.5957
TP: 2.1384 | 1.7905 | 1.4363
Strategy: Adjust Quantities to that much you can afford to loose
Why this Setup?
The dead cat bounce is getting rejected near the 2.5307 supply as sellers defend the zone. A breakdown could accelerate the downside toward 2.1384 and lower. As long as 2.5957 holds, the bearish setup remains valid.
Click Here to Trade 👇 $MORPHO
Trade Plan: Short $MORPHO
Entry: 2.48 – 2.52
SL: 2.5957
TP: 2.1384 | 1.7905 | 1.4363
Strategy: Adjust Quantities to that much you can afford to loose
Why this Setup?
The dead cat bounce is getting rejected near the 2.5307 supply as sellers defend the zone. A breakdown could accelerate the downside toward 2.1384 and lower. As long as 2.5957 holds, the bearish setup remains valid.
Click Here to Trade 👇 $MORPHO
