$MORPHO USDT — rejection from local top, momentum turning bearish.

Short $MORPHO

Direction: Short 📉

Entry Zone: 1.22 – 1.24

Stop Loss: 1.31

Targets:

🎯 TP1: 1.17

🎯 TP2: 1.12

🎯 TP3: 1.07

🎯 TP4: 1.02

Setup Summary:

MORPHO faced strong rejection near 1.29 and is now showing weakness with declining momentum.

RSI is rolling over and volume is fading, indicating potential distribution. As long as price stays below 1.25, downside continuation is favored.

📉 Trade $MORPHO here 👇

MORPHOUSDT

Perp

1.1637

-0.53%

#MORPHOUSDT #CryptoSignals #BinanceSquare #ShortTrade #TechnicalAnalysis