MU is now around 964. I’m not chasing here, and I don’t want to get in too quickly or be eager to go long.
First, look at the structure. Price is still below the 20 line and the 50 line. Both the 4-hour and daily trends are pointing downward. Yesterday it touched 988 but didn’t hold, and the daily chart printed a bearish candle. In plain terms, we’re still in a pullback phase—turning stronger isn’t really on the table yet.
But the futures side has a bit of interest. Active trade buy orders account for just over 60%, the long/short ratio is 1.6. In the recent seven hours, active volume has increased by about 40%, clearly indicating someone is taking orders at lower levels. And the funding rate is zero—these buy orders don’t come with leveraged sentiment, so it’s not overcrowded.
The problem is with the big players. In the past seven hours, the big accounts’ long proportion has dropped by nearly 8 percentage points, and big accounts’ long positions are also shrinking. Even globally, net longs haven’t been above half. That pickup is likely being done by regular funds, while the whales are moving to recover/exit. With retail picking up but whales backing out like this, how far a rebound can really run becomes questionable.
So the value-for-risk here is only average. Short-term buying activity is indeed lively, but the trend hasn’t repaired, and big accounts are reducing exposure. Chasing longs risks being caught. Going short against it could also get slapped by this wave of aggressive buying. Let’s see whether 964 can hold. If it can reclaim and stand back above the 50 line, then we can talk about strengthening. If it breaks below the 948 low, it would mean this batch of demand didn’t get absorbed.
For now, just observe and wait for direction.
#mu $MU
First, look at the structure. Price is still below the 20 line and the 50 line. Both the 4-hour and daily trends are pointing downward. Yesterday it touched 988 but didn’t hold, and the daily chart printed a bearish candle. In plain terms, we’re still in a pullback phase—turning stronger isn’t really on the table yet.
But the futures side has a bit of interest. Active trade buy orders account for just over 60%, the long/short ratio is 1.6. In the recent seven hours, active volume has increased by about 40%, clearly indicating someone is taking orders at lower levels. And the funding rate is zero—these buy orders don’t come with leveraged sentiment, so it’s not overcrowded.
The problem is with the big players. In the past seven hours, the big accounts’ long proportion has dropped by nearly 8 percentage points, and big accounts’ long positions are also shrinking. Even globally, net longs haven’t been above half. That pickup is likely being done by regular funds, while the whales are moving to recover/exit. With retail picking up but whales backing out like this, how far a rebound can really run becomes questionable.
So the value-for-risk here is only average. Short-term buying activity is indeed lively, but the trend hasn’t repaired, and big accounts are reducing exposure. Chasing longs risks being caught. Going short against it could also get slapped by this wave of aggressive buying. Let’s see whether 964 can hold. If it can reclaim and stand back above the 50 line, then we can talk about strengthening. If it breaks below the 948 low, it would mean this batch of demand didn’t get absorbed.
For now, just observe and wait for direction.
#mu $MU