$MORPHO Bullish breakout after short-term consolidation
Buyers in control with increasing volume
Key Zones:
Support Zone: 1.225 – 1.260
Resistance Zone: 1.290 – 1.320
Trade Setup (Long – Pullback Preferred):
Entry Zone: 1.230 – 1.265
Take Profit Targets:
TP1: 1.305
TP2: 1.320
TP3: 1.350
Stop Loss: Below 1.215
Price Action Insight:
MORPHO has formed a higher-low structure on the daily chart, reclaiming key short-term moving averages. RSI(6) at 65.32 indicates bullish momentum approaching overbought territory, while MACD shows a mild bullish divergence. A controlled pullback into the entry zone would provide a safer opportunity for continuation toward the upper resistance range. As long as price holds above 1.225–1.260, the daily bullish trend remains intact.
MORPHOUSDT
Διην.
1.3089
+3.08%