$MORPHO /USDT — BEARISH PULLBACK AFTER STRONG RALLY!
$MORPHO is down 1.44%, retracing after a sharp move up to the $1.97 resistance. Price action now shows weakness with lower highs forming on shorter timeframes, indicating fading bullish momentum. A breakdown below the $1.62–$1.60 zone could trigger a deeper correction toward $1.54. For bulls to regain control, a reclaim of $1.70 with strong buying volume is crucial.
Trade Setup:
Short Entry: $1.64 – $1.66
Target 1: $1.58
Target 2: $1.54
Stop Loss: $1.70
Market Outlook:
After its recent rally, $MORPHO
seems to be entering a cooling-off phase with short-term bearish bias. Unless the price reclaims $1.70 decisively, sellers are likely to remain in control.