MU, this round of sell-off was driven by leverage liquidations, not by someone opening fresh short positions. In the past 24 hours, it dropped 5.38%, and contract open interest shrank by 13.96% in a single day. The more vicious the drop, the faster positions are cut—only a chain reaction of long liquidations could have pushed the price down to where it is now.
But over the same period, the whale accounts’ long-to-short positioning ratio reached 1.52. Sixty percent of the positions are piled into longs, and within 7 hours they even added 10.51% against the trend. As price moves downward, the largest account adds instead of cutting—this divergence is what MU should be watching most right now. The price is being suppressed by two moving averages, yet in the spot order book, the top 20 bid volume is 1.78 times the ask volume, and below 904 there are buy orders waiting to pick up the supply.
Now look at the rhythm: after the night session candle that smashed to 889.79, the low was lifted to 894.3 and the price then recovered back to 906. Once liquidation levels were cleared, the whales picked up the orders, and the bids became thicker than the asks—those three things lined up. I don’t think this level is still worth continuing to hammer.
So if going long on MU, the first target is to reclaim above the 15m MA50 (909), using 889.79 as the stop-loss floor. If price breaks below 889.79 and open interest rises again—meaning what’s entering is fresh shorts rather than positions closing—then pickup failed, and I would immediately flip the view to go short.
#mu $MU
But over the same period, the whale accounts’ long-to-short positioning ratio reached 1.52. Sixty percent of the positions are piled into longs, and within 7 hours they even added 10.51% against the trend. As price moves downward, the largest account adds instead of cutting—this divergence is what MU should be watching most right now. The price is being suppressed by two moving averages, yet in the spot order book, the top 20 bid volume is 1.78 times the ask volume, and below 904 there are buy orders waiting to pick up the supply.
Now look at the rhythm: after the night session candle that smashed to 889.79, the low was lifted to 894.3 and the price then recovered back to 906. Once liquidation levels were cleared, the whales picked up the orders, and the bids became thicker than the asks—those three things lined up. I don’t think this level is still worth continuing to hammer.
So if going long on MU, the first target is to reclaim above the 15m MA50 (909), using 889.79 as the stop-loss floor. If price breaks below 889.79 and open interest rises again—meaning what’s entering is fresh shorts rather than positions closing—then pickup failed, and I would immediately flip the view to go short.
#mu $MU
