MU is currently around 975. This move is completely different from last week’s setup at that level. First, the conclusion: the direction is still slightly bullish, but I won’t chase it here—I'll wait for a pullback.
Last week when I shared it, it was a bearish structure: price was trading below the moving averages, and the buy-side liquidity in the order book was thin. Today the order book is flipped. The buy-side resting volume underneath is about 8 times the sell-side. So if price drops, there are real buyers ready to take it—not just liquidity floating in midair.
More importantly: the whales. Over a seven-hour window, the long/short ratio in large-holder positions increased by more than 10%. Long positions are already over half. This pace doesn’t look like talk—it’s real money moving into longs.
Momentum also matches. On the 4-hour chart, it ran from 913 to 980—roughly a 7% move. Price is still holding above the 50 MA. But it has just come off the 987 high and pulled back to 975, grinding right along the 20 MA.
Meanwhile, open interest is actually decreasing, funding rate is at zero—this suggests the move isn’t built purely on leverage stacking, and longs aren’t overcrowded.
But the issue is this: it has already climbed 7% in a day. This isn’t the starting point, so the risk-reward of chasing here is mediocre. A more comfortable entry is waiting for a pullback toward the moving averages, or toward the order-book layer where buy orders are dense—then see whether support can hold.
So my plan is: slightly bullish direction, wait for a pullback, and only act if the pullback doesn’t break.
#mu $MU
Last week when I shared it, it was a bearish structure: price was trading below the moving averages, and the buy-side liquidity in the order book was thin. Today the order book is flipped. The buy-side resting volume underneath is about 8 times the sell-side. So if price drops, there are real buyers ready to take it—not just liquidity floating in midair.
More importantly: the whales. Over a seven-hour window, the long/short ratio in large-holder positions increased by more than 10%. Long positions are already over half. This pace doesn’t look like talk—it’s real money moving into longs.
Momentum also matches. On the 4-hour chart, it ran from 913 to 980—roughly a 7% move. Price is still holding above the 50 MA. But it has just come off the 987 high and pulled back to 975, grinding right along the 20 MA.
Meanwhile, open interest is actually decreasing, funding rate is at zero—this suggests the move isn’t built purely on leverage stacking, and longs aren’t overcrowded.
But the issue is this: it has already climbed 7% in a day. This isn’t the starting point, so the risk-reward of chasing here is mediocre. A more comfortable entry is waiting for a pullback toward the moving averages, or toward the order-book layer where buy orders are dense—then see whether support can hold.
So my plan is: slightly bullish direction, wait for a pullback, and only act if the pullback doesn’t break.
#mu $MU