MORPHO Trade Setup

Morpho usually behaves as a strong counter trend coin w.r.t the market conditions. Currently what i am seeing is that it is breaking monday range to the upside and recently it’s listed on Coinbase. It hasn’t pumped yet in my opinion.

If we see on high time frame. Morpho is making a strong base on the golden pocket ratio, which adds confluence to my already bullish bias on it.

Fundamentally Morpho is a great defi with good weightage of onchain activity. Strongly backed by coinbase

Update: closing MORPHO in minor profit here. Not liking the price action being consolidating below the rejection of previous high. Will think of re-entry after it breaks 2.45$. I will make a new trade setup on it. this one is closed in minor profit.