$MU
Looking at the MU 1H chart right now, and the price action is getting interesting.
After that deep dip down to the $878 region, bulls stepped in strong and pushed it right back up toward the local resistance zone around $920-$926. Regular session closed around $895.85, but overnight trading is already printing higher around $923+, showing solid demand returning after the drop.
We’ve got higher lows forming on the 1h timeframe after that dip, which suggests buyers are absorbing the selling pressure pretty quickly. If price holds above $915 and consolidates, a clean retest and breakout above $926.81 could trigger another expansion leg. However, if it gets rejected hard at $920–$926 again, I’d expect some range-bound movement or a retest of lower support before making a decisive move.
Not jumping in blind here just keeping a close eye on how momentum acts around these key levels. How are you guys playing this zone?
Looking at the MU 1H chart right now, and the price action is getting interesting.
After that deep dip down to the $878 region, bulls stepped in strong and pushed it right back up toward the local resistance zone around $920-$926. Regular session closed around $895.85, but overnight trading is already printing higher around $923+, showing solid demand returning after the drop.
We’ve got higher lows forming on the 1h timeframe after that dip, which suggests buyers are absorbing the selling pressure pretty quickly. If price holds above $915 and consolidates, a clean retest and breakout above $926.81 could trigger another expansion leg. However, if it gets rejected hard at $920–$926 again, I’d expect some range-bound movement or a retest of lower support before making a decisive move.
Not jumping in blind here just keeping a close eye on how momentum acts around these key levels. How are you guys playing this zone?