#BinanceAlphaAlert
---$MORPHO
MORPHO/USDT Trade Update – Technical Breakout and Target Achievement
A recent long position setup on MORPHO/USDT, based on a symmetrical triangle breakout on the 15-minute chart, has played out successfully. The trade was initiated at the entry point of $1.0930 with clear technical confluence supporting the move.
Technical Analysis Overview:
A symmetrical triangle formation was identified, signaling a potential breakout.
Entry was placed at the breakout level: $1.0930.
Stop-loss was strategically positioned at $1.0512 to manage downside risk.
Multiple targets were defined based on Fibonacci extension and previous resistance levels:
Target 1: $1.1230
Target 2: $1.1617
Target 3: $1.2058
Result:
The breakout occurred as anticipated.
Target 1 ($1.1230) and Target 2 ($1.1617) have both been achieved.
The price moved with strong volume confirmation, validating the setup.
The move resulted in a 6.56% price gain, which, when leveraged at 20x, translates to over 120% return for traders.
This trade illustrates the effectiveness of disciplined technical setups, clear target planning, and risk-managed execution. The chart structure and momentum confirmed the validity of the move, and the trade was executed within a well-defined framework.
Further price action will determine if the third target at $1.2058 is reached. Price consolidation and volume behavior near current levels will be monitored closely for continuation or reversal patterns.
---
