$MORPHO Signal】Overbought at high levels, pullback to go long


RSI 1H 71.65, 4H 80.27, in the overbought zone. 1H MACD histogram shrinking, momentum clearly weakening.
Order book sell depth ratio is high, buying strength weakening.
4H Bollinger upper band at 2.197 has been broken, current price 2.254, short-term chasing higher has limited room.

🎯Direction: Wait and see (go long orders)

⚡Entry/Order placement: 2.20-2.2431 (recommended entry zone, place orders in batches)

🛑Stop loss: 1.9854

🚀Target 1: 2.2539

🚀Target 2: 2.2630

🛡️Trading management:
- Execution strategy: Reduce 50% of position after reaching Target 1, move stop loss up to 2.20 to break even.
- If price falls below 2.20, exit proactively.

Depth logic: Funding rate -0.0043%, shorts pay fees, OI stable, no signs of large-scale capital outflows.
Last two 1H candlesticks show obvious upper shadows, selling pressure appears.
Willingness to buy at high levels is insufficient, wait for a pullback to EMA20 (around 2.159) or Bollinger middle band support before participating, for a better risk-reward ratio.

Check real-time market 👇 $MORPHO
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