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⚡ CHARTSCOUT RADAR | MORPHO/USDT (1h)
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A 74.5% mature Bear Pennant structure is consolidating on Morpho ($MORPHO) detected by ChartScout.
[ STRUCTURAL MATRIX ]
• Setup: Bear Pennant (Continuation Setup)
• Impulse Decline: -7.8% Flagpole
• Overhead Resistance: $2.415 USDT (3 Retests)
• Ascending Support: $2.375 USDT (2 Retests)
• Current Tape: $2.388 USDT (Compressing)
[ BREAKOUT FRAMEWORK ]
Following a sharp -7.8% drop to $2.28, price action has consolidated between ascending support and a flat $2.415 ceiling. Watch for volume expansion on a 1h candle close below $2.375 support to confirm potential downward continuation.
Discover automated technical pattern scans on ChartScout.
⚠️ DYOR - Not Financial Advice.
#ChartScout #Morpho #BinanceSquare #cryptotrading
⚡ CHARTSCOUT RADAR | MORPHO/USDT (1h)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━
A 74.5% mature Bear Pennant structure is consolidating on Morpho ($MORPHO) detected by ChartScout.
[ STRUCTURAL MATRIX ]
• Setup: Bear Pennant (Continuation Setup)
• Impulse Decline: -7.8% Flagpole
• Overhead Resistance: $2.415 USDT (3 Retests)
• Ascending Support: $2.375 USDT (2 Retests)
• Current Tape: $2.388 USDT (Compressing)
[ BREAKOUT FRAMEWORK ]
Following a sharp -7.8% drop to $2.28, price action has consolidated between ascending support and a flat $2.415 ceiling. Watch for volume expansion on a 1h candle close below $2.375 support to confirm potential downward continuation.
Discover automated technical pattern scans on ChartScout.
⚠️ DYOR - Not Financial Advice.
#ChartScout #Morpho #BinanceSquare #cryptotrading