🌀 $MORPHO Short Liquidation Alert 🌀

A $10.106K short liquidation has just occurred at $2.8899 for $MORPHO! This could fuel upward momentum as shorts scramble to close their positions. Let’s build a clear and strategic trading plan to seize the opportunity.

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What’s Next?

Short liquidations often lead to price surges, but confirmation is key. Here’s the setup to watch:

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Buy Zone:

👉 $2.850 - $2.900

This is the support area where buyers are likely to step in. Wait for confirmation of bullish momentum before entering a position.

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Targets:

🎯 Target 1: $3.000 (Quick recovery zone)

🎯 Target 2: $3.150 (Key resistance level)

🎯 Target 3: $3.300 (High-reward potential if momentum continues)

Gradually take profits at each target to secure gains.

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Stop Loss:

⛔ $2.800

Set your stop-loss below the support zone to minimize potential losses in case the price reverses.

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Trading Strategy:

1. Wait for Confirmation: Look for strong green candles or higher volume near the buy zone.

2. Enter Gradually: Start with a small position and increase it as the price gains momentum toward the targets.

3. Stick to the Plan: If the price drops below $2.800, exit the trade and reassess.

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🚨 Pro Tip: $MORPHO is showing volatility after this short liquidation. Use proper risk management, avoid chasing the price, and stay disciplined. Liquidations often set the stage for big moves—be ready to act!

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