MORPHO Analysis (2H)From the point where we placed the red arrow on the chart, MORPHO appears to be forming a complex corrective pattern similar to a diametric.
Wave E could complete within the red box, leading the price into wave F.
A daily candle closing above the invalidation level will invalidate this outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Morphobtc
MORPHO buy setup (4H)It seems that MORPHO is forming a symmetrical ascending pattern and is currently at the end of wave h.
Wave h could complete in the green zone.
You should wait for it to return to the green zone again.
The target is the red box.
Due to the high risk of this setup, once the invalidation level is touched, this analysis will be invalidated, and there will be no need to wait for a 4-hour candle close below this level.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You