$MORPHO is taking a breather after a strong rally, but the underlying momentum remains intact. The current pullback appears constructive rather than weak, with buyers actively defending price and the broader trend still leaning bullish despite short-term pressure.

Key support lies around 1.22 – 1.20, a zone where demand previously showed up aggressively. A deeper protection level sits near 1.16, marking the base of the last expansion move. On the upside, resistance is stacked at 1.30, followed by 1.32, where sellers previously pushed back hard.

A potential entry forms around 1.23 – 1.25 if price stabilizes with healthy candles.

Target 1: 1.30

Target 2: 1.34 if momentum returns alongside volume

Stop loss: Below 1.18 for risk control

This setup looks measured and orderly, not overextended. If buyers regain control, MORPHO could accelerate quickly. Patience and respect for structure remain key.

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