๐จ $MORPHO VERTICAL RALLY HITS A BRICK WALL AT RESISTANCE AS SELLERS STEP IN! ๐
Entry: 2.68 - 2.73 โก
Target: 2.64 - 2.54 ๐
Stop Loss: 2.79 โ ๏ธ
๐ $MORPHO staged an explosive expansion from $2.40 up to $2.79, but buyers just ran directly into heavy supply. ๐ Hourly candle closes are turning defensive with consecutive upper wicks, confirming that aggressive sellers are absorbing momentum near the local top.
๐ก As buyers exhaust their volume, a momentum unwind toward lower demand zones becomes the path of least resistance. ๐ Expect heavy friction for any attempt to reclaim the highs without a proper structural re-accumulation phase. ๐ฌ Are you leaning short on this rejection or waiting for lower bids? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #MORPHO #ShortSetup #CryptoTrading #Bearish #Altcoins
๐ฏ โก
Entry: 2.68 - 2.73 โก
Target: 2.64 - 2.54 ๐
Stop Loss: 2.79 โ ๏ธ
๐ $MORPHO staged an explosive expansion from $2.40 up to $2.79, but buyers just ran directly into heavy supply. ๐ Hourly candle closes are turning defensive with consecutive upper wicks, confirming that aggressive sellers are absorbing momentum near the local top.
๐ก As buyers exhaust their volume, a momentum unwind toward lower demand zones becomes the path of least resistance. ๐ Expect heavy friction for any attempt to reclaim the highs without a proper structural re-accumulation phase. ๐ฌ Are you leaning short on this rejection or waiting for lower bids? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #MORPHO #ShortSetup #CryptoTrading #Bearish #Altcoins
๐ฏ โก
