$MORPHO USDT Rejection from local resistance with bearish pullback forming on 1H timeframe

Trade Plan

Entry $1.11 to $1.13

Stop Loss $1.16

Take Profit 1 $1.07

Take Profit 2 $1.02

Take Profit 3 $0.96

Why this setup

Clear rejection near $1.14 resistance zone

Lower high forming after recent push up

Bearish momentum candles showing seller pressure

Room toward previous demand around $1.05 and liquidity below

Will MORPHO lose $1.10 support and accelerate downside or reclaim $1.14 and invalidate the bearish setup

Buy and Trade $MORPHO

MORPHOUSDT

Perp.

1.1868

+8.48%