$MU USDT: Strong Recovery Brings Price Back Toward Resistance
MUSDT is trading around 0.7861 on the supplied Binance chart, with a displayed 24-hour gain of 6.76%. After dropping toward 0.6600, buyers have driven a sharp recovery. However, price is now approaching a resistance area where sellers could return.
Bias: Short-term bullish, but resistance is close
Setup: Wait for confirmation
Resistance: 0.7900–0.8000
Support: 0.7750, then 0.7600
Entry: Watch for a successful retest of 0.7750–0.7800, or a confirmed breakout above 0.8000.
TP: 0.8100, then 0.8200 if momentum continues.
SL / Invalidation: Below 0.7600 for a retest-based bullish setup.
Why it matters: A breakout above 0.8000 could extend the recovery, while rejection may send price back toward 0.7600. The broader chart still shows significant losses, so this rebound needs confirmation.
Will MUSDT break through 0.8000, or will sellers defend the resistance?
MUSDT is trading around 0.7861 on the supplied Binance chart, with a displayed 24-hour gain of 6.76%. After dropping toward 0.6600, buyers have driven a sharp recovery. However, price is now approaching a resistance area where sellers could return.
Bias: Short-term bullish, but resistance is close
Setup: Wait for confirmation
Resistance: 0.7900–0.8000
Support: 0.7750, then 0.7600
Entry: Watch for a successful retest of 0.7750–0.7800, or a confirmed breakout above 0.8000.
TP: 0.8100, then 0.8200 if momentum continues.
SL / Invalidation: Below 0.7600 for a retest-based bullish setup.
Why it matters: A breakout above 0.8000 could extend the recovery, while rejection may send price back toward 0.7600. The broader chart still shows significant losses, so this rebound needs confirmation.
Will MUSDT break through 0.8000, or will sellers defend the resistance?