$MORPHO is testing the area where this pullback either stabilizes or gets worse.
The key zone is $2.38-$2.40.
If buyers defend it and reclaim $2.48:
LONG $MORPHO
Entry: $2.47-$2.50
SL: $2.38
TP1: $2.58
TP2: $2.66
TP3: $2.72
If $2.38 breaks on a 4H close, I would abandon the long idea.
My view: the higher timeframe still has room to recover, but buyers need to prove themselves first.
Would you wait for the $2.48 reclaim?👇
The key zone is $2.38-$2.40.
If buyers defend it and reclaim $2.48:
LONG $MORPHO
Entry: $2.47-$2.50
SL: $2.38
TP1: $2.58
TP2: $2.66
TP3: $2.72
If $2.38 breaks on a 4H close, I would abandon the long idea.
My view: the higher timeframe still has room to recover, but buyers need to prove themselves first.
Would you wait for the $2.48 reclaim?👇
