$MORPHO Short Setup – Distribution Under Resistance
Market structure is showing signs of distribution after failing to hold above the $1.440 high.
Price formed a clear lower high on the 1H timeframe and momentum has shifted to sellers, with consecutive red candles and a breakdown below short-term support near $1.380. This suggests supply is increasing and buyers are losing control.
As long as price remains below $1.420, bias favors continuation toward lower liquidity zones.
Trade Plan:
📍 Entry: $1.340 – $1.370
🛑 Stop Loss: $1.460
🎯 TP1: $1.300
🎯 TP2: $1.250
🎯 TP3: $1.200
Why this setup works:
– Rejection from resistance at $1.440
– Lower high confirms weakening bullish structure
– Breakdown of minor support at $1.380
– Liquidity resting below $1.300
Invalidation:
A reclaim and hold above $1.460 would invalidate the bearish structure and signal renewed bullish strength.
Debate:
Is this just a healthy pullback before another leg higher…
or the start of a deeper correction after distribution?
Trade your plan. Manage risk. No FOMO.
