Everyone's waiting for $MORPHO to reclaim its weekly high, but I think it's ready to break above $0.50 resistance now.
$MORPHO - LONG
Entry: 0.48 – 0.49
SL: 0.45
TP1: 0.52
TP2: 0.56
TP3: 0.60
Why this setup?
* RSI on the 1H is coiled at 32, suggesting a potential bounce
* ATR is expanding on the 15m, indicating increasing volatility
* My bias confidence is high due to the 4H timeframe divergence
* The breakout above $0.50 would be a strong magnet for further buying pressure.
Debate: Are you fading the breakout above $0.50 or riding the wave?
$MORPHO
$MORPHO - LONG
Entry: 0.48 – 0.49
SL: 0.45
TP1: 0.52
TP2: 0.56
TP3: 0.60
Why this setup?
* RSI on the 1H is coiled at 32, suggesting a potential bounce
* ATR is expanding on the 15m, indicating increasing volatility
* My bias confidence is high due to the 4H timeframe divergence
* The breakout above $0.50 would be a strong magnet for further buying pressure.
Debate: Are you fading the breakout above $0.50 or riding the wave?
$MORPHO