Morpho still trading inside a key range and starting to tighten.Morpho/USDTOKX:MORPHOUSDTMike-BTDWe are seeing a reaction off lower support with buyers stepping in, but price is now pressing into a heavy supply zone that has rejected multiple attempts. This is where direction gets decided. Structure is neutral to slightly bullish: Higher lows forming after the bounce Momentum recovering from oversold conditions Price holding above short term support Key idea: If consolidation holds, this sets up a push toward range highs If support fails, price likely rotates back to lower demand where liquidity sits This is compression. The longer it ranges, the stronger the move that follows. Watch for: Clean break and hold above resistance Rejection wicks signaling distribution Volume expansion confirming direction Patience matters. This is the setup before the move.