$$MU In this 24h wave, it surged from 993 to 1255 and then fell back to 1196. Behind the 14% gain is a bulldozer of 3 billion in transaction volume, but the 1255 level has been tested three times without breaking through. This morning's sharp drop is a signal of long positions fleeing for their lives.

I'll get straight to the operation: go short lightly near the current price of 1196, set stop loss at 1256 (just above the previous high to leave some room), first take-profit target at 1100, second target at 1030. Control position size within 2%, because going heavy under this volatility is just giving away money. Don't think about bottom fishing; the 24h low of 993 is still 20% away from here, but trend reversals often start from a second bottom.
Some might ask: Why not go long when it's rising so strongly? The answer is simple: the 14% daily gain has already exhausted short-term momentum. After hitting 1255 today, it quickly fell back. Combined with selling pressure near historical highs, chasing longs at this level means becoming the exit liquidity. I've been burned three times in crypto by such spike-and-dump patterns, each time getting in due to FOMO after seeing big gains, only to end up stuck at the peak.
Let's interact: Do you think $MU is experiencing a washout or forming a top? Leave your thoughts in the comments, and let me see how many of you agree with me that this wave will pull back below 1000.
Remember an iron rule: The faster it rises, the harder it falls. Now is not the time for greed; it's the time to wait for opportunities to pick up cheap chips. If it reaches around 1100 with volume stabilization, I'll consider taking long positions.
No trading outside the plan.