$MORPHO is consolidating near $2.7666 after printing a local high at $2.9364, maintaining structural support above the MA60 ($2.7533). Buyers are absorbing selling pressure on lower timeframes, keeping leverage balanced while high-leverage short positions cluster above $2.8000. A reclaim of local high resistance could trigger a minor liquidation squeeze into upper supply targets.
🎯 Trade Setup
Direction:
LONG
Entry Zone
$2.7400 – $2.7700
Take Profit 1
$2.8400
Take Profit 2
$2.9300
Take Profit 3
$3.0500
Stop Loss
$2.6800
Risk : Reward
1:2.4
Trade Type
Intraday
#Morpho