MORPHO technical outlook: tight stops urged as BTC pressure raises downside risk

MORPHO (MORPHO/USDT) shows mixed short-term signals and elevated downside risk as Bitcoin weakness increases cascade potential. Earlier report: MORPHO was in a clear downtrend near $1.06 with bearish momentum (RSI ~38, price below EMA20, Supertrend bearish), critical support at $1.019 and a bearish target near $0.459. Traders were advised to use wide ATR-based stops (15–20% daily volatility), strict position sizing (risk 1–2% per trade, max 5% portfolio exposure to a single alt), and avoid chasing longs until BTC sentiment or price structure improved. Later update: price recovered to ~ $1.49 with a short-term up structure (RSI ~64, EMA20 ~$1.36, 24h volume ~$29.9M) but remains vulnerable — pivot ~ $1.493 with key supports at $1.5205 and $1.3882 (note: $1.5205 marked as trend invalidation level). Upside targets include $1.6511, $1.7750 and a distant $2.7738; bearish target revised to ~$0.6551. ATR now implies smaller daily swings (~4–6%), so recommended stops are tighter (structural stop just below $1.5205 or ~1–1.5× ATR). Position-sizing guidance remains conservative (1–2% risk per trade, cap MORPHO exposure). Both reports stress strong correlation with BTC (current weakness around mid-$60ks increases tail risk). Trader actions: maintain tight, objective stops (structural or ATR-based), use trailing stops (e.g., to EMA20 after confirmed upside breakout), keep per-trade risk small, and monitor Bitcoin supports closely. Overall: short-term environment is high risk — possible bounce exists but downside remains the higher-probability path while BTC pressure and price-structure vulnerabilities persist.