$MORPHO Has Lost Every EMA — But RSI Is Near Oversold and I'm Watching One Level 👇
MORPHO dropped from 2.044 and hasn't looked back — it's now below EMA20, EMA50, EMA200, and MA99 all at once. That's as bearish as a chart gets.
But RSI is approaching oversold and MACD is showing the first bullish cross in weeks. High risk, but the bounce potential is real.
My Trade Plan:
📥 Entry Zone: 1.587 – 1.650 (bottom support)
🎯 Target 1: 1.808
🎯 Target 2: 1.966
🛑 Stop Loss: 1.530 (below structure)
I'm not calling a trend reversal. I'm trading a bounce from oversold. Big difference.
DYOR | NFA