Xingran MU Market Analysis
Since MU’s major-cycle high of 1043.98, its price has continued to trend lower, with each rebound topping out lower than the last—a long-term downtrend. After rebounding on the 4-hour chart, the price came under pressure again; the MACD has turned downward, bullish recovery remains weak, and there is significant overhead supply from trapped buyers.
Recommendation: Sell rallies for the long term
Entry range: 908–922
Stop-loss: Above 945
First target: 850
Second target: 818 (previous low)
The broader market is weak, and capital continues to flow away from altcoins. There are no long-term positive catalysts for the sector. At the macro level, expectations of interest-rate cuts have cooled, putting pressure on risk assets. The long-term environment is unfavorable for altcoins to stage a major rally independent of the broader market. $MU #股票财报季
Since MU’s major-cycle high of 1043.98, its price has continued to trend lower, with each rebound topping out lower than the last—a long-term downtrend. After rebounding on the 4-hour chart, the price came under pressure again; the MACD has turned downward, bullish recovery remains weak, and there is significant overhead supply from trapped buyers.
Recommendation: Sell rallies for the long term
Entry range: 908–922
Stop-loss: Above 945
First target: 850
Second target: 818 (previous low)
The broader market is weak, and capital continues to flow away from altcoins. There are no long-term positive catalysts for the sector. At the macro level, expectations of interest-rate cuts have cooled, putting pressure on risk assets. The long-term environment is unfavorable for altcoins to stage a major rally independent of the broader market. $MU #股票财报季