$MORPHO /USDT Short Setup 📉
Technical Analysis (Bearish Bias):
Price is currently at ~$1.266 after a sharp pump of +5.5% in 24h, but showing clear signs of exhaustion.
Strong rejection at $1.329 (24h high) with a long upper wick → distribution candle.
Volume is declining on the last green candles → weakening bullish momentum.
RSI (14) is diverging bearishly (price made higher high, RSI lower high).
Price is now testing the broken ascending trendline (former support turned resistance).
Order book shows heavy sell walls starting from $1.27–$1.28 with only 47% bid side depth vs 52.77% ask side → sellers in control.
Short Trade Plan
Entry: $1.265 – $1.270 (current zone or small retest)
Take-Profit Targets:
TP1: $1.22 (+3.5–4%)
TP2: $1.191 (24h low) (+6%)
TP3: $1.15 (+9–10%) → stretch target
Stop Loss: $1.305 (above today’s high)
→ Risk ~3% from entry
Risk:Reward: 1:2 to 1:3+
Leverage suggested: 5–10x (adjust according to your risk tolerance)
Invalidation: Close above $1.33 on 4H → bear case cancelled.
High-conviction short while the pump loses steam.
DYOR | NFA | Trade safe! 🔥
#MORPHO #Crypto #Short #BİNANCEFUTURES
