$MORPHO broke the minimum of the last 20 hours with volume and opened a short.
The 1h candle closed below 2.454, the minimum of the previous 20 hours. I sold at 2.382.
That candle moved 7 times the average volume of the prior hours.
Initial stop at 2.457 (3.2% above). No TP: I use a trailing stop— it moves down following the low and closes if price bounces up to it; 7 days is only the maximum.
The risk per trade is small and the stop is always respected.
This is not financial advice—do your own research and adjust your risk.
$MORPHO #trading #crypto
The 1h candle closed below 2.454, the minimum of the previous 20 hours. I sold at 2.382.
That candle moved 7 times the average volume of the prior hours.
Initial stop at 2.457 (3.2% above). No TP: I use a trailing stop— it moves down following the low and closes if price bounces up to it; 7 days is only the maximum.
The risk per trade is small and the stop is always respected.
This is not financial advice—do your own research and adjust your risk.
$MORPHO #trading #crypto