Based on the current market conditions and technical indicators, here's a trading plan for #Morpho ($MORPHO ):
Entry Point: $1.95 (slightly below the current price of $1.97-$2.01, considering a potential pullback)
Stop-Loss: $1.88 (below the recent support level of $1.92, with some buffer to account for volatility)
Target: $2.10 (based on recent resistance levels and potential for upside momentum)
Rationale: Morpho's price has shown a strong bullish bias, with support levels at $1.92 and resistance at $2.06. The MACD and RSI indicators suggest potential for further upside. With the recent partnership with Cronos and Coinbase's on-chain lending feature, positive sentiment may drive the price up. A break above $2.06 could lead to further gains, targeting $2.20 and beyond. However, if the price falls below $1.88, it may indicate a trend reversal, triggering a stop-loss. Traders should monitor key levels and adjust accordingly .@Morpho Labs 🦋