MORPHO is sliding into a bearish corridor as crypto risk appetite wanes, now perched at the lower edge of its weekly range.
đŽ $MORPHO SHORT đ
Entry â $2.7142-$2.7196
Stop â $2.7984 (-3.0%)
TP1 â $2.6761 (+1.5%)
TP2 â $2.5811 (+5.0%)
R/R 1:1.7 âą Confidence 64%
The recent CHoCH broke the bullish swing, and a spike in CVD confirmed sellers taking control. An FVG sits right above the broken structure, overlapping an order block that acted as a POI, giving the short setup a tight confluence. With the price respecting the lower boundary, the odds tilt toward a further dip.
A 3.0% stop is fairly tight on this move, so a 2-3x leverage position keeps risk manageable.
Consider taking half profit at the first target around a 1.7% gain.
As always: manage your risk, this is not financial advice đ
$MORPHO #MORPHOUSDT #SMC #TradingSignals #Write2Earn
đŽ $MORPHO SHORT đ
Entry â $2.7142-$2.7196
Stop â $2.7984 (-3.0%)
TP1 â $2.6761 (+1.5%)
TP2 â $2.5811 (+5.0%)
R/R 1:1.7 âą Confidence 64%
The recent CHoCH broke the bullish swing, and a spike in CVD confirmed sellers taking control. An FVG sits right above the broken structure, overlapping an order block that acted as a POI, giving the short setup a tight confluence. With the price respecting the lower boundary, the odds tilt toward a further dip.
A 3.0% stop is fairly tight on this move, so a 2-3x leverage position keeps risk manageable.
Consider taking half profit at the first target around a 1.7% gain.
As always: manage your risk, this is not financial advice đ
$MORPHO #MORPHOUSDT #SMC #TradingSignals #Write2Earn