Traders, this is playing out exactly as expected after the spike. $MORPHO saw a sharp impulsive push into the 1.22–1.24 zone, but that move was immediately met with heavy rejection. The long upper wicks followed by consecutive bearish candles show clear exhaustion at the top, not acceptance. Price is now rolling over below the rejection area, confirming that sellers are taking control and the move is transitioning into a corrective pullback....

As long as $MORPHO stays below the spike high zone, the downside remains the higher-probability path.

Trade Setup (Short):

Entry Range: 1.155 – 1.175

Target 1: 1.130

Target 2: 1.105

Target 3: 1.075

Stop Loss (SL): 1.245

Short Outlook of Market:

Market is showing clear post-pump distribution with rejection from highs. Unless price reclaims and holds above the 1.20+ area, further downside continuation is favored. Protect profits and trail stops as the move develops.