$MORPHO broke below the 20-hour low on high volume, and I opened a short.
The 1-hour candle closed below 2.485, the low of the previous 20 hours. I sold at 2.481.
That candle had twice the average volume of the preceding hours.
Initial stop at 2.545 (2.6% higher). No TP: I use a trailing stop—it moves down with the low and closes the trade if the price rebounds to it; 7 days is just the maximum.
The risk per trade is small, and I always respect the stop.
This is not financial advice. Do your own research and adjust your risk.
$MORPHO #trading #crypto
The 1-hour candle closed below 2.485, the low of the previous 20 hours. I sold at 2.481.
That candle had twice the average volume of the preceding hours.
Initial stop at 2.545 (2.6% higher). No TP: I use a trailing stop—it moves down with the low and closes the trade if the price rebounds to it; 7 days is just the maximum.
The risk per trade is small, and I always respect the stop.
This is not financial advice. Do your own research and adjust your risk.
$MORPHO #trading #crypto