MORPHO/USDT: Key Levels Analysis & Trading Opportunities
Current Analysis:
Price is at a critical decision point around $1.94, forming a potential reversal pattern.
Key Levels:
→ Major Resistance: $2.60
→ Minor Resistance: $2.30
→ Current Support: $1.94
→ Major Support: $1.75
Trading Scenarios:
BULLISH SCENARIO ▲
• Entry: Break and close above $1.90
• Targets: $2.40-$2.60
• Invalidation: Loss of $1.82 support
• Confirmation: Strong volume on breakout
BEARISH SCENARIO ▼
• Targets: $1.75-$1.37
• Invalidation: Price above $2.60
• Confirmation: Volume increase on breakdown
Risk Management:
Always use proper position sizing and stop-loss orders. This is not financial advice.
Remember to do your own research and trade responsibly! 🎯
Current Analysis:
Price is at a critical decision point around $1.94, forming a potential reversal pattern.
Key Levels:
→ Major Resistance: $2.60
→ Minor Resistance: $2.30
→ Current Support: $1.94
→ Major Support: $1.75
Trading Scenarios:
BULLISH SCENARIO ▲
• Entry: Break and close above $1.90
• Targets: $2.40-$2.60
• Invalidation: Loss of $1.82 support
• Confirmation: Strong volume on breakout
BEARISH SCENARIO ▼
• Targets: $1.75-$1.37
• Invalidation: Price above $2.60
• Confirmation: Volume increase on breakdown
Risk Management:
Always use proper position sizing and stop-loss orders. This is not financial advice.
Remember to do your own research and trade responsibly! 🎯
Trade closed: target reached
+25% DONE CONGRATULATION 🚀🚀🚀🚀🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.