đ $MORPHO is showing a potential technical setup!
The 1W chart on Bybit indicates a breakout above previous consolidation accompanied by ascending trend support and Fibonacci extension targets.
đ The Technical Setup:
⢠The Pattern: Ascending Triangle / Breakout structure
⢠Short-term Target: 3.097
⢠Macro Objective: 3.550 - 3.830
⢠Market Structure: Breakout
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 2.500 - 2.644
⢠Resistance: 3.097
⢠Breakout Level: 2.734
⢠Stop Loss / Invalidation: 2.364
đ Confirmation:
⢠Volume: Standard/neutral volume
⢠Momentum: Strong bullish price action
⢠Trend: Higher lows meeting horizontal resistance breakdown
â ď¸ Invalidation:
A weekly close below the 2.364 level invalidates this immediate bullish setup.
Keep a close eye on these levels for the next directional move.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#Morpho #crypto #BinanceSquare #Binance #TechnicalAnalysis
The 1W chart on Bybit indicates a breakout above previous consolidation accompanied by ascending trend support and Fibonacci extension targets.
đ The Technical Setup:
⢠The Pattern: Ascending Triangle / Breakout structure
⢠Short-term Target: 3.097
⢠Macro Objective: 3.550 - 3.830
⢠Market Structure: Breakout
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 2.500 - 2.644
⢠Resistance: 3.097
⢠Breakout Level: 2.734
⢠Stop Loss / Invalidation: 2.364
đ Confirmation:
⢠Volume: Standard/neutral volume
⢠Momentum: Strong bullish price action
⢠Trend: Higher lows meeting horizontal resistance breakdown
â ď¸ Invalidation:
A weekly close below the 2.364 level invalidates this immediate bullish setup.
Keep a close eye on these levels for the next directional move.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#Morpho #crypto #BinanceSquare #Binance #TechnicalAnalysis
