$MU — The 918.9 Liquidity Sweep Could Be Fueling Another Leg Lower
MU remains bearish on the 1H timeframe after a sharp 6.3% decline. The 15M wick above 918.9 and close back below looks like a buy-side liquidity grab, aligning with the existing lower-high and lower-low structure rather than signaling a reversal.
This is still a counter-trend short against the bullish daily structure and strong BTC tape, so confirmation matters. I want to see a clean 15M/5M market-structure shift lower followed by a bearish reclaim failure around 918–920 before entering.
Downside levels: 907.50 → 898.99 → 891.74
Entry Zone: 918–926 after a confirmed rejection. Invalidation: A 1H close above 938.23 would flip the bearish setup bullish.
Trade the confirmation, not the assumption$MU
.
#MU #CryptoTrading #TechnicalAnalysis #Trading #Altcoins
MU remains bearish on the 1H timeframe after a sharp 6.3% decline. The 15M wick above 918.9 and close back below looks like a buy-side liquidity grab, aligning with the existing lower-high and lower-low structure rather than signaling a reversal.
This is still a counter-trend short against the bullish daily structure and strong BTC tape, so confirmation matters. I want to see a clean 15M/5M market-structure shift lower followed by a bearish reclaim failure around 918–920 before entering.
Downside levels: 907.50 → 898.99 → 891.74
Entry Zone: 918–926 after a confirmed rejection. Invalidation: A 1H close above 938.23 would flip the bearish setup bullish.
Trade the confirmation, not the assumption$MU
.
#MU #CryptoTrading #TechnicalAnalysis #Trading #Altcoins