$MORPHO



A long liquidation on MORPHO indicates bullish positions were forced to close, increasing short-term selling pressure and market volatility. The $1.45K liquidation is relatively small, but it highlights weakening momentum as price tests a key support zone.

EP
$1.95 – $1.99

TP
TP1: $2.04
TP2: $2.12
TP3: $2.22

SL
$1.90

Support: $1.94 – $1.96
Resistance: $2.04 – $2.12

Next Target: $2.22 if MORPHO reclaims $2.04 with strong buying volume and sustained momentum. Failure to hold support could trigger another liquidity sweep before a stronger recovery develops.

Price is consolidating near a critical demand area following the liquidation event. A confirmed bounce from support and a breakout above resistance would strengthen the short-term bullish outlook.

$MORPHO ‌
MORPHO-7.19%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned