$MORPHO Bulls Are Pushing Toward a Major Breakout
The latest rally has brought MORPHO directly into a critical resistance zone. The next move could determine whether the bullish momentum continues.
Long Setup
Entry Zone: 2.28 – 2.32
Stop Loss: Below 2.28
TP1: 2.47
TP2: 2.55
TP3: 2.66
Chart Analysis
MORPHO/USDT is trading around 2.3925, showing a strong 15.22% gain. The chart has developed an ascending channel after recovering from the 1.9585 swing low.
Price is now testing the resistance zone between 2.3925 and 2.4083. A strong breakout above 2.4083 could trigger another bullish move toward 2.47, followed by 2.55 and 2.66.
The 2.28–2.32 region is the key support zone. A successful pullback and hold above this area could offer a better long entry while maintaining the current bullish structure.
Confirmation: A strong 1H candle close above 2.4083.
Invalidation: A breakdown below 2.28.
Wait for confirmation and avoid chasing the breakout. Trade with a clear risk-management plan.
The latest rally has brought MORPHO directly into a critical resistance zone. The next move could determine whether the bullish momentum continues.
Long Setup
Entry Zone: 2.28 – 2.32
Stop Loss: Below 2.28
TP1: 2.47
TP2: 2.55
TP3: 2.66
Chart Analysis
MORPHO/USDT is trading around 2.3925, showing a strong 15.22% gain. The chart has developed an ascending channel after recovering from the 1.9585 swing low.
Price is now testing the resistance zone between 2.3925 and 2.4083. A strong breakout above 2.4083 could trigger another bullish move toward 2.47, followed by 2.55 and 2.66.
The 2.28–2.32 region is the key support zone. A successful pullback and hold above this area could offer a better long entry while maintaining the current bullish structure.
Confirmation: A strong 1H candle close above 2.4083.
Invalidation: A breakdown below 2.28.
Wait for confirmation and avoid chasing the breakout. Trade with a clear risk-management plan.
