The game of nerves is beginning for $MORPHO . And one breakout from this box could change the whole picture.
Price: $2.457. Buyers and sellers are squeezed between two walls:
$3.00 — the ceiling the bulls need to smash through.
$2.00 — the floor the bears will try to break through.
If the price holds above $3 on the 4H, the next target could be $4. But if support at $2 gives way, a move toward $1 becomes much more likely.
The most dangerous thing right now is mistaking hope for a signal. The market loves to shake out those who jump in too early.
I’m waiting for a 4H close outside the range. Let the price show its hand first.
So who’ll hit the jackpot — the bulls or the bears?
Price: $2.457. Buyers and sellers are squeezed between two walls:
$3.00 — the ceiling the bulls need to smash through.
$2.00 — the floor the bears will try to break through.
If the price holds above $3 on the 4H, the next target could be $4. But if support at $2 gives way, a move toward $1 becomes much more likely.
The most dangerous thing right now is mistaking hope for a signal. The market loves to shake out those who jump in too early.
I’m waiting for a 4H close outside the range. Let the price show its hand first.
So who’ll hit the jackpot — the bulls or the bears?