$MORPHO /USDT and thinking about going long. Let’s break down what’s going on with the data you’ve shared:

Current Price: $1.221 (+1.92% in 24h)

24h High / Low: $1.236 / $1.117 → It’s closer to the top of its daily range.

24h Volume: 1.81M MORPHO / 2.13M USDT → decent liquidity, not huge but enough to enter/exit without massive slippage.

Trend Analysis:

The price has been rising steadily from $1.117 to $1.221, showing short-term bullish momentum.

If you look at the mini chart, it’s consolidating around $1.221–$1.240 → could be building a breakout.

Considerations for a Long Position:

Entry Point: $1.221–$1.230 seems reasonable if momentum continues.

Stop-Loss: A safe area might be just below the 24h low, maybe around $1.115–$1.120.

Take Profit / Targets:

Short-term: near the 24h high $1.236–$1.240

Medium-term: psychological levels like $1.25–$1.30 if momentum keeps up

⚠️ Caution: Volume isn’t huge, so sudden swings can happen. And MORPHO is likely a volatile altcoin — good for short-term trades, riskier for holding long-term.#ScrollCoFounderXAccountHacked #GrayscaleBNBETFFiling