$MORPHO - BULLISH BREAKOUT – GROWTH POTENTIAL
$MORPHO shows strong bullish momentum after bouncing off key support near 1.096. Price action indicates that buyers are in control, and a breakout above recent resistance may lead to further gains.
Trading Plan:
Entry: Around 1.170–1.175 consolidation zone
Take Profit (TP): 1.220, 1.260, 1.280
Stop Loss (SL): 1.100
Analysis:
The bounce from support confirms strong buying pressure.
The short-term bullish trend is supported by increased volume near current levels.
A decisive breakout above 1.220 may accelerate momentum towards 1.280.
Risk Management:
Use a moderate position size and strictly adhere to SL for effective risk management.$MORPHO
MORPHOUSDT
Perp
1.2079
+9.68%