$MORPHO — Recovery move awaiting confirmation
MORPHO Futures is at 2,7244 USDT, up 1,740% over 24 hours. The 1H candle just closed higher, rising from 2,7091 to 2,7191; the new candle is still holding above the previous close but has not closed yet.
🟢 The bullish bias takes priority if the 1H candle closes above 2,7326. If so, the levels to watch are 2,7500 and then 2,7912, both drawn from established OHLCV highs. This view is invalidated if the 1H candle closes below 2,7081. The recovery is improving, but price still needs to break above the recent high for confirmation rather than chasing early-session fluctuations.
Personal observation, not a recommendation. 1% risk; always use a stop.
#MORPHO #DeFi #Futures
MORPHO Futures is at 2,7244 USDT, up 1,740% over 24 hours. The 1H candle just closed higher, rising from 2,7091 to 2,7191; the new candle is still holding above the previous close but has not closed yet.
🟢 The bullish bias takes priority if the 1H candle closes above 2,7326. If so, the levels to watch are 2,7500 and then 2,7912, both drawn from established OHLCV highs. This view is invalidated if the 1H candle closes below 2,7081. The recovery is improving, but price still needs to break above the recent high for confirmation rather than chasing early-session fluctuations.
Personal observation, not a recommendation. 1% risk; always use a stop.
#MORPHO #DeFi #Futures
