$MORPHO is sitting around 1.941 after a volatile 24-hour range between 1.902 and 2.092. The chart shows a sharp rejection from the local high, followed by a pullback and short-term consolidation near support. That kind of structure usually becomes important because price is either preparing for a recovery bounce or setting up for another breakdown.
On the lower timeframe, MORPHO is now trading close to the 1.936–1.940 support area. If buyers manage to defend this zone and reclaim momentum, the move back toward the recent intraday resistance levels could happen quickly. The key will be whether price can push back above the nearby resistance with convincing strength.
Entry Zone: 1.938 – 1.950
Target 1: 1.975
Target 2: 2.000
Target 3: 2.030
Stop Loss: 1.928
If MORPHO holds this base and breaks higher with strong volume, the chart can shift back into recovery mode and open the way for a larger move toward the psychological 2.000 area and beyond. But if support fails, downside pressure may continue before any real reversal shows up.
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