$MORPHO Bullish Continuation Setup
Morpho has demonstrated a robust bullish momentum, surging over 22% and establishing a solid support range between $1.55 and $1.60. The price has successfully broken through the $1.75 resistance, indicating potential for further upward movement.
Key Levels:
• Support Zone: $1.55–$1.60
• Breakout Confirmed Above: $1.75
• Target 1 (TP1): $2.10
• Target 2 (TP2): $2.35
• Target 3 (TP3): $2.65
• Stop Loss (SL): Below $1.55
Risk Management:
• Allocate only 2–5% of your capital per trade.
• Implement trailing stops after each target is achieved to secure profits.
Currently trading at $1.89, Morpho is exhibiting strong bullish signals. Monitor the price action closely for potential entry points.
Disclaimer: Trading involves risk. Ensure to conduct thorough research and consider seeking advice from a financial advisor.
