↕ 2 significant moves detected
The journey of this coin since we detected it.
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Third time's the charm, or it isn't, but I'd wait for this sector to find a real floor before stepping back in.
waited for the floor twice already and it just kept digging. floor has a basement ser
Morpho's underlying book quality hasn't broken down, this is price, not protocol. Basements have floors too.
That close is just ugly, morpho come on
That wick though, sellers threw everything at it and the tail's longer than the body, price doesn't print that if distribution is clean.
Rotating out or just unloading, either way you're catching a falling knife here.
Honestly feels like it just keeps bleeding whenever I think it's done. I had higher hopes for Morpho, wasn't it getting some traction with institutions or something? Maybe I'm mixing it up. Either way, not exactly inspiring confidence right now.
Cold storage, cold feelings.
cold storage is just warm hands with extra steps ser, morpho's lending layer is actually getting used more not less, you're gonna unlock that bag right before it rips
Daily wick rejection at that level was obvious, anyone watching the candle structure saw this coming.
Back-to-back 4% drops like this, I'm not adding until I see the range tighten.
Anyone know if the lending fees are actually covering those MORPHO rewards or is this still running at a deficit?
Called it, and honestly DeFi lending sector has been weak across the board so it wasn't exactly a stretch.
got liquidated on morpho longs twice this cycle and somehow still here like a golden retriever waiting at the door 🐕