$MORPHO — Bottoming Out and Climbing Back Toward Old Resistance +5.90% at 2.585. Big picture: this fell hard from a 2.732 high to a 2.353 low over several hours, with the heaviest volume of the whole session (302K) hitting right at that initial top before the decline began. Since bottoming, price has built a slow, steady staircase back up — higher lows, higher highs — and is now pushing into the 2.501–2.668 zone that previously acted as both support and resistance during the fall. That structure looks more like a genuine reversal than a dead-cat bounce, though it's still working against the larger downtrend.
LONG SETUP
Entry: 2.501 – 2.585
🎯 TP1: 2.668
🎯 TP2: 2.732
🎯 TP3: 2.800
🛑 SL: 2.353
Since this zone flipped from support to resistance during the drop, a rejection back under 2.417 would suggest sellers are still in control up here. 2.353 is the hard floor — a break there fully resumes the downtrend.
NFA
Trade #Morpho here
$SKR
$HEMI