I sold $MORPHO too early, then chased it back. 😬
Classic.
Now it’s $2.59, down 6.49% today, with $6.32M traded. The 4h move is worse at -6.6%, but price is still above the 20d and 50d averages. RSI sits at 52, so this isn’t washed out, while volume is only 0.3x its 20d average.
Funding is +0.005%, meaning longs are paying while price weakens. I wouldn’t expect it to simply follow $BNB here.
At $2.50, I’d want a clean reclaim before touching it again. 🫠
Bull or bear on $MORPHO?
#MORPHO #Crypto #Binance
Classic.
Now it’s $2.59, down 6.49% today, with $6.32M traded. The 4h move is worse at -6.6%, but price is still above the 20d and 50d averages. RSI sits at 52, so this isn’t washed out, while volume is only 0.3x its 20d average.
Funding is +0.005%, meaning longs are paying while price weakens. I wouldn’t expect it to simply follow $BNB here.
At $2.50, I’d want a clean reclaim before touching it again. 🫠
Bull or bear on $MORPHO?
#MORPHO #Crypto #Binance