$MORPHO is showing signs of weakness after that strong vertical move. 📉
Price pushed from around $2.40 to $2.79, but the rejection near the highs has brought sellers back into the picture.
The short-term setup I’m watching:
🔴 Sell Zone: $2.68 – $2.73
🎯 TP1: $2.64
🎯 TP2: $2.59
🎯 TP3: $2.54
🛑 Invalidation / SL: $2.79
The key is how price reacts around the $2.68–$2.73 area. A clean rejection could support the bearish setup, while a move back above $2.79 would invalidate it.
Always manage risk and don’t trade with money you can’t afford to lose.
#MORPHO #MORPHOUSDT #TechnicalAnalysis
$MORPHO
Price pushed from around $2.40 to $2.79, but the rejection near the highs has brought sellers back into the picture.
The short-term setup I’m watching:
🔴 Sell Zone: $2.68 – $2.73
🎯 TP1: $2.64
🎯 TP2: $2.59
🎯 TP3: $2.54
🛑 Invalidation / SL: $2.79
The key is how price reacts around the $2.68–$2.73 area. A clean rejection could support the bearish setup, while a move back above $2.79 would invalidate it.
Always manage risk and don’t trade with money you can’t afford to lose.
#MORPHO #MORPHOUSDT #TechnicalAnalysis
$MORPHO
