$MORPHO just woke up đ
The 1H chart shows a strong breakout from the 2.23â2.36 range, followed by a move all the way to 2.735. Price is now around 2.68, while the Supertrend has flipped bullish at 2.492.
My levels:
đą Entry: 2.58 â 2.64
đ SL: 2.47
đŻ TP1: 2.735
đŻ TP2: 2.85
đŻ TP3: 3.00
The key here is the 2.58â2.64 retest zone. If buyers defend that area, MORPHO could make another attempt at 2.735.
A clean break and hold above 2.735 would open the door toward 2.85 â 3.00.
But after a nearly 20% move today, I wouldnât chase the current candle. Let it cool down and give a proper retest.
As long as 2.47 holds, the 1H structure remains constructive.
Strong breakout, but the entry matters more than the excitement. Let the setup come to you. đ
#morpho
The 1H chart shows a strong breakout from the 2.23â2.36 range, followed by a move all the way to 2.735. Price is now around 2.68, while the Supertrend has flipped bullish at 2.492.
My levels:
đą Entry: 2.58 â 2.64
đ SL: 2.47
đŻ TP1: 2.735
đŻ TP2: 2.85
đŻ TP3: 3.00
The key here is the 2.58â2.64 retest zone. If buyers defend that area, MORPHO could make another attempt at 2.735.
A clean break and hold above 2.735 would open the door toward 2.85 â 3.00.
But after a nearly 20% move today, I wouldnât chase the current candle. Let it cool down and give a proper retest.
As long as 2.47 holds, the 1H structure remains constructive.
Strong breakout, but the entry matters more than the excitement. Let the setup come to you. đ
#morpho
