$MORPHO /USDT – Short Trade Setup!
$MORPHO is showing sustained weakness after failing to hold above the $2.00 psychological level. The recent rejection from $2.09 triggered strong bearish momentum, and the price has now broken below the intraday support of $1.90. The structure remains bearish on the 1H timeframe.
Trade Setup:
Entry Zone: $1.88 – $1.92
Target 1: $1.84
Target 2: $1.80
Target 3: $1.75
Stop Loss: $1.96
If the price sustains below $1.88 with volume confirmation, expect further downside pressure. Bears remain in control unless bulls reclaim $1.95 with a strong hourly close.
MORPHOUSDT
Perp
2.0164
+10.22%