Guys $MORPH is showing a clean rejection setup right near key overhead resistance ⚡
Entry: 2.685 - 2.695
🎯 TP1: 2.610
We saw a huge volume spike of over 200% above normal, but price immediately encountered heavy selling at the 2.71 resistance level.
The latest candle closed bearish with a large upper wick, showing aggressive seller defense at the top.
As long as 2.71 caps the upside, I'm expecting a retracement back down to 2.610 support.
Watching for continuation downwards 👀
Entry: 2.685 - 2.695
🎯 TP1: 2.610
We saw a huge volume spike of over 200% above normal, but price immediately encountered heavy selling at the 2.71 resistance level.
The latest candle closed bearish with a large upper wick, showing aggressive seller defense at the top.
As long as 2.71 caps the upside, I'm expecting a retracement back down to 2.610 support.
Watching for continuation downwards 👀