💾 Micron perp (MUUSDT) 1H: breakout retest, WAITING LONG
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📈 State: The Micron perp trades 764.6 (+4.0% 24h, about $1.0B volume). On the 1H it broke the 745-747 highs from Nov 9-10 and holds above EMA20/50/200 (EMA200 749). The 4H is still below EMA200 (865), so the bigger picture is a rebound, not a confirmed trend.
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🎯 Plan (only after a pullback):
Activation: a dip into 746-752 (old highs + 1H EMA200), then a 1H close back above 752. Limit 751.
Stop: 741.0 (744.25 swing - 0.3×ATR, ATR 10.8).
TP1: 774 (Nov 5 shelf), ~2.0R net.
TP2: 792 (Nov 4-5 base), ~3.7R net.
Costs assumed: 0.05% per side.
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❌ Cancel: a 1H close below 741, a run to 774 before activation, or no trigger by 23:00 Riyadh today.
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📐 Size: 1% risk = equity × 0.01 ÷ 10.75 (stop distance + costs per contract unit).
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🧠 Confidence: moderate-low. Wall Street is closed now and off-hours perp moves can be thin, and the 4H trend is still down.
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Not financial advice. DYOR.
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