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$MORPHO /USDT TECHNICAL ANALYSIS – BULLISH CONTINUATION MORPHO is trading around $1.271, up +4.44% 📈. Price is showing strong bullish structure on the 1H timeframe with higher highs and higher lows.
🔍 Technical Overview (1H):
• EMA(7) > EMA(25) > EMA(99) → clear bullish alignment ✅
• Price holding above all key EMAs after a healthy pullback
• Recent high at $1.277, attempting continuation
• RSI ~78 → momentum strong, slightly overbought ⚠️
🟢 Trade Plan (Buy on Dip):
• Entry zone: $1.245 – $1.255 🎯
• Strong support: $1.22 – $1.23 🛡️
• Stop loss: Below $1.205 ❌
🎯 Targets (Column-wise):
• T1: $1.30
• T2: $1.34
• T3: $1.38 🚀
🧠 Summary:
Trend remains bullish, but RSI suggests avoiding chase entries. Best strategy is buy on pullbacks toward EMAs. As long as price holds above $1.22, upside continuation is likely.
⚠️ Risk management is key.
📈 Bias: Bullish (on dips)
Trade
#Morpho here
$BIFI $GUN