šØ MORPHO /USDT ā Bearish Reversal Setting Up Below Resistance šØ
After an impressive 19% surge towards the 2.07 resistance zone,$MORPHO showing signs of exhaustion in the upper range. The recent rejection between 2.00ā2.07 suggests that buying pressure is fading, and a potential pullback could be on the horizon as volume diminishes and lower highs start to form.
š» Short Trade Setup:
Entry Zone: 1.88 ā 1.95
Target 1: 1.72
Target 2: 1.60
Target 3: 1.48
Stop-Loss: 2.08
š” Market Outlook:
If $MORPHO les to reclaim the 2.00 level with strong volume, bearish momentum may continue, driving the price lower toward previous support zones. A break below 1.70 could trigger a deeper downtrend and signal a full reversal.
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