$MORPHO O/USDT 4H update
Price has completed a clean V-recovery from the 1.081 low and is now trading around 1.20 with strong follow-through. That aggressive spike toward 1.289 earlier marked liquidity grab and reset the structure. Since then, price is printing higher lows and reclaiming key intraday levels.
Current zone 1.18–1.20 is acting as a pivot. Holding above this keeps momentum bullish. Volume expanded on the push up, confirming real participation, not a dead bounce.
Immediate resistance sits at 1.21–1.23. A firm 4H close above this opens the path back toward 1.26–1.29. If momentum accelerates, extension beyond the spike high becomes possible.
Support to watch is 1.16 first, then major base at 1.08. Loss of 1.16 would slow the structure and invite consolidation, but as long as price holds above the higher-low zone, bias stays upside.
Trend flipped from distribution to recovery. Market now deciding continuation or pause. This zone is critical.
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