Everyone’s chasing longs on $MORPHO /USDT — but the 1h data just whispered an overextended rejection trap.
$MORPHO - SHORT
Trade Plan:
Entry: 2.1800 – 2.1980
SL: 2.2650
TP1: 2.1416
TP2: 2.0718
TP3: 1.9500
Why this setup?
• The 1h chart shows a sharp parabolic rally stalling exactly beneath the 2.1998 local high, forming a potential double-top exhaustion signal.
• Price is aggressively stretched away from its key moving averages after a solid +14.63% intraday surge, maximizing the likelihood of a mean-reversion pullback.
• If profit-taking triggers, the initial downside momentum will target the immediate dynamic support at MA(7) near 2.1416, with deeper correction potential toward MA(25) at 2.0718.
Debate:
Will Morpho Token manage to absorb the overhead selling pressure and slice through $2.20, or is this the perfect overextended peak for a deep correction?
Click here to Trade 👇#MORPHORisesOver12% $MORPHO
$MORPHO - SHORT
Trade Plan:
Entry: 2.1800 – 2.1980
SL: 2.2650
TP1: 2.1416
TP2: 2.0718
TP3: 1.9500
Why this setup?
• The 1h chart shows a sharp parabolic rally stalling exactly beneath the 2.1998 local high, forming a potential double-top exhaustion signal.
• Price is aggressively stretched away from its key moving averages after a solid +14.63% intraday surge, maximizing the likelihood of a mean-reversion pullback.
• If profit-taking triggers, the initial downside momentum will target the immediate dynamic support at MA(7) near 2.1416, with deeper correction potential toward MA(25) at 2.0718.
Debate:
Will Morpho Token manage to absorb the overhead selling pressure and slice through $2.20, or is this the perfect overextended peak for a deep correction?
Click here to Trade 👇#MORPHORisesOver12% $MORPHO