$MU Open interest shrinks by 35% in a single day—contract long positions run faster than even the dog-trading “big players.” The fee rate is literally set to zero. Even the people who claim they’re bottom-buying aren’t pretending anymore. The price is below the moving average at 1061; on the 4H chart, there are six candles and five are bearish. This is a classic setup: the order book is empty and no one is willing to take the other side. Enter a short at 1062. First target: 1019. Second target: 989. Stop loss: 1107. With this kind of structure where volume and price both collapse, don’t believe anything about an “oversold rebound.” If you go in now, you’re just the bag-holder.
