📊🔥 Recommendation & Analysis $MORPH — R3 Resistance Under Test! 🔴📉
💰 Price: 2.003
📍 R3: 2.001
⚡ 5M: -0.06%
🔴 Recommendation: SHORT for cautious traders
🎯 Entry: 2.001 – 2.006
🎯 TP1: 1.990
🎯 TP2: 1.975
🎯 TP3: 1.950
🛑 Stop Loss: 2.020
📉 Price is very close to R3 at 2.001, and the 5-minute move has started to slightly lose momentum, so the area is worth monitoring for a potential rejection.
🔥 SHORT confirmation: clear rejection from R3, then a break of 1.990.
⚠️ A break above 2.020 and staying above it invalidates the SHORT scenario.
🚨 Best to wait for confirmation of the rejection before entering, and don’t sell just because it touches R3.
$MORPHO #MORPH #MORPHUSDT