$MORPHO BULL TRAP at EMA200 — Ultra setup on 15m 🎯
$MORPHO /USDT — LONG 🟢
Trading plan:
Entry: 2.5885 – 2.594
Stop loss: 2.4867
Target 1: 2.6856
Target 2: 2.793
Target 3: 2.8177
Why this setup?
RSI at 37.06 suggests oversold conditions with the price at EMA200 (2.5946) — a strong support confluence
BTC is healthy above EMA200 and neutral funding rate (0.005%) supports an ALT move
A confirmed bearish trap on the 15m with stable trading volume and a long/short ratio of 1.1 that leans toward buyers
Do we see a breakout of the VWAP at 2.6753 as a confirmation signal, or do we wait for the candle to close above EMA200?
$MORPHO
This content is not investment advice; do your own research (DYOR)
$MORPHO /USDT — LONG 🟢
Trading plan:
Entry: 2.5885 – 2.594
Stop loss: 2.4867
Target 1: 2.6856
Target 2: 2.793
Target 3: 2.8177
Why this setup?
RSI at 37.06 suggests oversold conditions with the price at EMA200 (2.5946) — a strong support confluence
BTC is healthy above EMA200 and neutral funding rate (0.005%) supports an ALT move
A confirmed bearish trap on the 15m with stable trading volume and a long/short ratio of 1.1 that leans toward buyers
Do we see a breakout of the VWAP at 2.6753 as a confirmation signal, or do we wait for the candle to close above EMA200?
$MORPHO
This content is not investment advice; do your own research (DYOR)
