MORPHO is trading at 1.235, consolidating within a defined range between 1.215 and 1.265. This compression indicates a buildup of energy, typically preceding a directional move.

Trade Plan (Breakout Setup):

· Long if 1.265 resistance breaks:

Entry: 1.265 - 1.275

TP1: 1.300

TP2: 1.325

SL: 1.250

· Short if 1.215 support fails:

Entry: 1.215 - 1.205

TP1: 1.185

TP2: 1.165

SL: 1.225

Key Observation:

The moderate volume suggests this is a genuine consolidation, not just illiquidity. The mid-point around 1.235 is irrelevant for decision-making. Focus solely on the range boundaries and wait for a confirmed close beyond them before committing capital.$MORPHO

MORPHO
MORPHOUSDT
1.8576
+3.50%