$MORPHO BREAKOUT CONFIRMED | TARGETING $6.80 WITH 200% UPSIDE POTENTIAL?
#MORPHO has broken above its key resistance, strengthening the bullish HTF structure. Now, I’m watching for continuation toward my higher-timeframe targets.
Entry Zone: $2.33–$2.08
Target 1: $4.18 | $6.80
Stop Loss: $2.043 (HTF candle close below)
Worst-Case Scenario: If MORPHO/USDT fails to hold above the invalidation level, the bullish setup weakens, opening the door to a potential 50% downside move toward the major $1 support zone.
The key is simple: hold the structure and let the breakout play out.
Are you bullish on $MORPHO, or do you expect a deeper correction?
@Morpho Labs 🦋
#MORPHO has broken above its key resistance, strengthening the bullish HTF structure. Now, I’m watching for continuation toward my higher-timeframe targets.
Entry Zone: $2.33–$2.08
Target 1: $4.18 | $6.80
Stop Loss: $2.043 (HTF candle close below)
Worst-Case Scenario: If MORPHO/USDT fails to hold above the invalidation level, the bullish setup weakens, opening the door to a potential 50% downside move toward the major $1 support zone.
The key is simple: hold the structure and let the breakout play out.
Are you bullish on $MORPHO, or do you expect a deeper correction?
@Morpho Labs 🦋