Do you still remember that CHIP we talked about earlier? The last wave has already been safely pocketed. The chance to pick up money is right in front of us, but we need to stay calm and clearly read the chart before taking action. $MU on the four-hour chart has moved more honestly than the daily chart. The daily chart’s range-bound chop looks lively, but in reality the intraday structure has already tilted toward the bears.
Price keeps grinding around the resistance area, and the hourly timeframe’s swings have tightened especially sharply. This kind of compressed condition is often a precursor to a breakout. On the 15-minute chart, the sellers clearly have the upper hand, and they haven’t reached exhaustion yet—meaning the downside room may be smoother than you’d imagine. My assessment of this short setup is actually very simple: the trend is on the side of the bears. As long as the key level isn’t broken, the path of least resistance downward is the one to follow.
A rebound is certainly possible, but until the structure changes, I’m not planning to go against the trend.
🔴 Trade Direction: Sell (Short)
📍 Entry Range: 979.77709 – 980.35494
🛑 Stop Loss: 986.56586
🎯 Take Profit 1: 975.19112
🎯 Take Profit 2: 971.94121
🎯 Take Profit 3: 967.06632
In still waters, deep vision is hidden. The market’s rises and falls are handled with calm.
Together with Sister Fei, to feel the pulse of the wealth tide surging.
#MU
Click below to trade 👇
Price keeps grinding around the resistance area, and the hourly timeframe’s swings have tightened especially sharply. This kind of compressed condition is often a precursor to a breakout. On the 15-minute chart, the sellers clearly have the upper hand, and they haven’t reached exhaustion yet—meaning the downside room may be smoother than you’d imagine. My assessment of this short setup is actually very simple: the trend is on the side of the bears. As long as the key level isn’t broken, the path of least resistance downward is the one to follow.
A rebound is certainly possible, but until the structure changes, I’m not planning to go against the trend.
🔴 Trade Direction: Sell (Short)
📍 Entry Range: 979.77709 – 980.35494
🛑 Stop Loss: 986.56586
🎯 Take Profit 1: 975.19112
🎯 Take Profit 2: 971.94121
🎯 Take Profit 3: 967.06632
In still waters, deep vision is hidden. The market’s rises and falls are handled with calm.
Together with Sister Fei, to feel the pulse of the wealth tide surging.
#MU
Click below to trade 👇