$MORPHO — 2.2077 channel ceiling killing the bounce. Squeeze trap below 2.0910.
Trade Plan: Short $MORPHO
Entry: 2.15 – 2.20
SL: 2.3008
TP: 1.8750 | 1.6519 | 1.4427
Strategy: Adjust Quantities to that much you can afford to loose
Why this Setup?
The descending channel is rejecting the upside bounce near 2.2077 as sellers defend the ceiling. A break below 2.0910 could accelerate the move toward 1.8750 and lower. As long as 2.3008 holds, the bearish setup remains valid.
Click Here to Trade 👇 $MORPHO
Trade Plan: Short $MORPHO
Entry: 2.15 – 2.20
SL: 2.3008
TP: 1.8750 | 1.6519 | 1.4427
Strategy: Adjust Quantities to that much you can afford to loose
Why this Setup?
The descending channel is rejecting the upside bounce near 2.2077 as sellers defend the ceiling. A break below 2.0910 could accelerate the move toward 1.8750 and lower. As long as 2.3008 holds, the bearish setup remains valid.
Click Here to Trade 👇 $MORPHO