$MU Bounces Into Resistance After the Flush Fade the Reclaim
Pair: $MU /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 1062.00 – 1066.00
Take Profit:
- TP1: 1050.97 +6%
- TP2: 1042.10 +11%
- TP3: 1028.80 +17%
Stop Loss: 1082.02
Chart Structure:
- MU dropped sharply from ~1095 to a ~1012 spike low, then snapped back hard to retest the MA7/MA25 confluence near current levels a fast two-sided move
- ⚠️ Mixed signal: RSI 14 spiked from the low-20s up into the mid-50s on the bounce, and MACD's histogram just flipped positive on the latest candle both indicators are turning bullish, working against this short
- Given the strength of the snapback, this is a contrarian fade of the bounce rather than a high-conviction trend-continuation call the recovery could extend further before any rejection
- Price is testing the underside of the broken structure (MA7/MA25 cluster) after the flush, a level that previously supported the decline
- Stop is placed above the recent local high at the risk-area boundary, which would need to be reclaimed to invalidate the short
$MU
Pair: $MU /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 1062.00 – 1066.00
Take Profit:
- TP1: 1050.97 +6%
- TP2: 1042.10 +11%
- TP3: 1028.80 +17%
Stop Loss: 1082.02
Chart Structure:
- MU dropped sharply from ~1095 to a ~1012 spike low, then snapped back hard to retest the MA7/MA25 confluence near current levels a fast two-sided move
- ⚠️ Mixed signal: RSI 14 spiked from the low-20s up into the mid-50s on the bounce, and MACD's histogram just flipped positive on the latest candle both indicators are turning bullish, working against this short
- Given the strength of the snapback, this is a contrarian fade of the bounce rather than a high-conviction trend-continuation call the recovery could extend further before any rejection
- Price is testing the underside of the broken structure (MA7/MA25 cluster) after the flush, a level that previously supported the decline
- Stop is placed above the recent local high at the risk-area boundary, which would need to be reclaimed to invalidate the short
$MU