$MORPHO my strong pump has suddenly come. A long green candle has lifted the price straight up and then there was a slight pullback. Right now it is hovering around 1.16–1.17, this seems like normal cooling, not a dump.
SAR is still below, meaning the short-term trend is still upward. MACD is also positive, just the momentum has slowed a bit because the market takes a breath after the pump.
The area around 1.12–1.14 is important, as long as this zone holds, the structure looks fine. There may be some selling at the upper side around 1.21–1.23, and a strong zone is 1.28–1.29 where the wick was.
Chasing right now is risky. If there is a slight sideways movement or a small pullback and then the price stabilizes, then the entry is much safer. Running straight up often gets stuck.
