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$MORPHO | 1h | Bounce Reclaim
Bias: Long
Entry Zone: 1.66 to 1.70
Stop Loss: 1.61
Targets:
TP1: 1.76
TP2: 1.82
TP3: 1.88
Invalidation:
Close below 1.61
Why This Setup:
I’m watching the rebound off the 1.62 area after a sharp selloff, with momentum picking back up on the push through short-term resistance. If price holds above the recent higher low, I see room to retest the prior breakdown levels and extend into the next supply zone.