MORPHO is currently consolidating near the $1.99 support level after a quick pullback, presenting a prime entry opportunity for aggressive short-term traders. The price action suggests a powerful bounce is imminent.
Looking at the 15m chart:
➡️ RSI(14): At 43.824, the indicator is deeply oversold for the short term, confirming the temporary weakness has been absorbed and suggesting momentum is about to reverse upwards.
➡️ MACD: The DIF line (-0.002) is attempting to cross back above the DEA line (-0.001), indicating a loss of bearish momentum and an impending bullish crossover.
➡️ EMAs: EMA(7) is currently testing the EMA(25) from below. A clear cross above EMA(25) at $2.005 will confirm the entry signal.
Trading Plan:
🟢 Entry Zone: $1.99 - $2.08(Aggressive entry near current support)
🛑 Stop Loss: $1.95 (A solid protection below the last major wick low)
🎯 Targets:
T1: $2.25 (+1.0%)
T2: $2.30(+1.9%) - Testing the 24h High!
T3: $2.45 (+2.8%)
💡 Smart Strategy Tip: Use a Stop Limit Buy order placed slightly above the $2.05 EMA(25) resistance level. Let the breakout confirm the strength before committing capital. Smart traders wait for the market to confirm their analysis.
⚠️ Disclaimer: Not financial advice. For study and strategy sharing only. Always do your own research (DYOR). Trading crypto involves substantial risk of loss.
#MORPHO #Lending #CryptoAnalysis #TradingStrategy #BinanceSquae
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