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$MORPHO is showing signs of exhaustion after a strong intraday rally into resistance.
Price is beginning to reject from local highs, and a deeper pullback could follow if buyers fail to reclaim momentum.
Trade Setup: SHORT
Entry Zone: 2.17 – 2.19
Stop Loss: 2.21
Take Profit Targets:
TP1: 2.14
TP2: 2.10
TP3: 2.06
#TradfiTradingChallenge