$MORPHO /meUSDT is trading near 1.409 after rejecting the 1.50 high, with price currently below the 15m Supertrend at 1.434. Short-term momentum favors sellers as lower highs form on intraday structure. Immediate support sits around 1.39–1.38; a breakdown could extend toward 1.32 liquidity. On the flip side, a strong reclaim of 1.44 with volume may trigger a push back to 1.48–1.50. The Apollo partnership narrative adds fundamental interest, but technically confirmation is key. I’m watching for either a clean trend reversal or continuation breakdown before committing size. Risk management remains critical in volatile DeFi plays.
