$MORPHO
is showing healthy continuation with a +2.83% move in the last 24 hours, extending its recovery after a strong bounce from the 1.071 support zone. Price has pushed into 1.171, signaling a clear breakout attempt, and is currently holding around 1.163. Strength near the highs suggests buyers are still in control rather than taking aggressive profits.
On the 1H timeframe, structure has turned firmly bullish. Higher highs and higher lows are clearly visible, and the recent impulse move shows expanding momentum. As long as price holds above the breakout base, continuation remains the higher-probability scenario.
Trade Setup
• Entry Zone: 1.145 – 1.165
• Target 1: 1.195
• Target 2: 1.240
• Target 3: 1.300
• Stop Loss: 1.095
If MORPHO holds above 1.170 with strong volume, momentum can accelerate into a broader rally, opening the door for higher resistance levels. A breakdown below support would invalidate the setup, so disciplined risk management is essential.
#PreciousMetalsTurbulence #FedHoldsRates
1.169
+3.17%