$MU : A Bearish Setup With $790 in Focus
Micron Technology is on my watchlist for a potential short opportunity.
MU | SHORT SETUP
Take Profit: $790
Stop Loss: $860
The bearish scenario depends on sellers regaining control and confirming weakness near resistance.
If selling pressure continues, $790 becomes the downside objective. A move toward $860 would challenge the trade thesis and trigger the planned stop.
The entry price remains undefined, so the risk-to-reward ratio cannot yet be assessed.
Rather than entering aggressively without confirmation, I'm watching for a bearish rejection or a failed recovery.
Would you consider shorting MU here, or wait for a confirmed breakdown?
$MU
#Micron #stockmarket
Micron Technology is on my watchlist for a potential short opportunity.
MU | SHORT SETUP
Take Profit: $790
Stop Loss: $860
The bearish scenario depends on sellers regaining control and confirming weakness near resistance.
If selling pressure continues, $790 becomes the downside objective. A move toward $860 would challenge the trade thesis and trigger the planned stop.
The entry price remains undefined, so the risk-to-reward ratio cannot yet be assessed.
Rather than entering aggressively without confirmation, I'm watching for a bearish rejection or a failed recovery.
Would you consider shorting MU here, or wait for a confirmed breakdown?
$MU
#Micron #stockmarket
