2025-11-03 13:30:24

Set up a short trade!

There is ongoing weakness after failing to hold above the psychological level of $2.00. The recent rejection from $2.09 has generated strong selling momentum, and the price has now dropped below the daily support level at $1.90. The structure remains bearish on the 4-hour timeframe.
Trade setup:
Entry zone: $1.88 – $1.92
Target 1: $1.84
Target 2: $1.80
Target 3: $1.75
Stop loss: $1.96
If the price continues below $1.88 with confirmed volume, expect additional downward pressure. Bears are still in control unless bulls regain $1.95 with a strong hourly close.

MORPHO2.41%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes