After Euler had a sensational run, Morpho in the same sector might be in for a catch-up trade.
Two Strategic Entry Points:
• Entry 1: Wait for a retest of the diagonal trendline (descending green line) around $1.50-1.60 area
• Entry 2: Enter after price breaks and retests the horizontal resistance zone around $1.90-2.00
Risk Considerations:
•A break below the diagonal support would invalidate the bullish thesis
• The horizontal resistance has acted as a strong ceiling previously
• Volume confirmation will be crucial for any breakout attempt
Two Strategic Entry Points:
• Entry 1: Wait for a retest of the diagonal trendline (descending green line) around $1.50-1.60 area
• Entry 2: Enter after price breaks and retests the horizontal resistance zone around $1.90-2.00
Risk Considerations:
•A break below the diagonal support would invalidate the bullish thesis
• The horizontal resistance has acted as a strong ceiling previously
• Volume confirmation will be crucial for any breakout attempt
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.