📈 Micron Technology ($MU) – New Week Deciding Trend

$MU Entering a very important trading week as the price continues to react precisely to the support zone of 700–720. This is the second time the stock has tested this area after the correction last week.
📈 Bullish Scenario
The price returning to the 700–720 zone and bouncing back is called a “retest of support” – a positive technical signal if maintained.
For the upward trend to continue:
• The price needs to hold the 700–720 zone
• Consolidate sideways with stable volume
• Then break above the 770 mark – the next important resistance
If 770 is conquered, the bullish momentum could significantly expand in the short term.
📉 Bearish Scenario
Conversely, the sellers are waiting for a decisive break below 700.
If this level is pierced:
• The near-term target is 675
• Further down is the 625–630 zone, which previously acted as support
A clear breakdown with high volume will confirm selling pressure dominates.
🎯 “Stop Hunt” Warning
Notably, watch for a scenario where the price dips slightly below 700 and then sharply rebounds. This is called a “stop hunt” – sweeping stop-loss orders of weak-handed investors before a strong reversal upward.
This is one of the high-probability reversal patterns that often creates a very quick and strong rebound.
In summary, the 700 zone is the “life-and-death boundary” for $MU in the short term.
• Holding it → the door to gains opens wider.
• Losing this level → risk of deeper correction.
The new week will be a real test for both the bulls and the bears.