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Everyone is chasing $MU /USDT longs while the 15m RSI just hit 79.76—are you the exit liquidity?
$MU /USDT - SHORT
Trade Plan:
Entry: 1123.59 – 1129.99
SL: 1157.46
TP1: 1103.79
TP2: 1088.45
TP3: 1065.45
Why this setup?
• 4h SHORT bias active with 55% confidence, despite 1D range trend.
• RSI at 79.76 screams overbought on the 15m—classic exhaustion setup.
• Entry zone at 1126.79 with TP1 at 1103.79, a quick 2% drop if momentum flips.
• Why now? The 1h ATR of 12.78 gives room for a sharp reversal within 2–3 candles.
Debate:
Are we hitting TP2 at 1088.45 before the weekend, or does this overbought signal get invalidated?