$MU /USDT is approaching a key resistance zone, but the broader structure still leans in favor of the bears.
🔻 $MU — SHORT
Trade Plan:
📍 Entry: 938.33673 – 941.26327
🛑 SL: 969.15194
🎯 TP1: 917.78604
🎯 TP2: 903.11007
🎯 TP3: 881.09611
Why this setup?
• The 4H market structure remains range-bound, with price struggling to establish a sustained bullish trend.
• The 15m RSI is hovering around 60, suggesting momentum is cooling as price approaches resistance.
• The entry zone around 939.80 offers a favorable risk-to-reward, targeting 917.78 initially, with further downside toward 903.11 and 881.10 if sellers gain control.
• A 1H ATR of 9.4 points to compressed volatility, increasing the probability of a stronger move once the range breaks.
💭 Debate:
Does $MU reject resistance and rotate back toward range support, or is this the move that finally breaks the range to the upside?
👇 Trade only after confirmation.
🔻 $MU — SHORT
Trade Plan:
📍 Entry: 938.33673 – 941.26327
🛑 SL: 969.15194
🎯 TP1: 917.78604
🎯 TP2: 903.11007
🎯 TP3: 881.09611
Why this setup?
• The 4H market structure remains range-bound, with price struggling to establish a sustained bullish trend.
• The 15m RSI is hovering around 60, suggesting momentum is cooling as price approaches resistance.
• The entry zone around 939.80 offers a favorable risk-to-reward, targeting 917.78 initially, with further downside toward 903.11 and 881.10 if sellers gain control.
• A 1H ATR of 9.4 points to compressed volatility, increasing the probability of a stronger move once the range breaks.
💭 Debate:
Does $MU reject resistance and rotate back toward range support, or is this the move that finally breaks the range to the upside?
👇 Trade only after confirmation.