🚀 $MU is showing a potential technical setup!

The weekly chart for MU/USDT displays a strong bullish impulse followed by consolidation and a potential breakout attempt above local resistance levels.

📈 The Technical Setup:
• The Pattern: Fibonacci Extension Retracement & Breakout Structure
• Short-term Target: 1,117.67 (1.618 Fib)
• Macro Objective: 1,249.82 (2.618 Fib)
• Market Structure: Breakout and continuation setup

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 969.93 - 1,007.72
• Resistance: 1,117.67
• Breakout Level: 1,036.00
• Stop Loss / Invalidation: 903.85

📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish weekly candles attempting to hold above key resistance
• Trend: Macro uptrend with higher low formation on the 1W timeframe

⚠️ Invalidation:
A decisive weekly close below the 903.85 support level would invalidate the bullish setup.

Monitor price action closely around the breakout level for confirmation before establishing positions.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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