$MORPHO Short Setup – Rejection from 2.04 Zone Signals Potential Downside Move

Trade Setup: Short

Entry Zone: 1.985 – 2.020

TP1: 1.940

TP2: 1.905

TP3: 1.870

SL: 2.055

Price is showing weakness after failing to sustain above the 2.00–2.04 resistance area, indicating potential distribution at the top. Momentum on lower highs suggests sellers are gradually taking control unless price reclaims 2.02 convincingly.

If rejection continues from current supply zone, a move toward liquidity below 1.94 becomes likely, with extension possible toward deeper support levels.

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