Big reversal! $MU Just now this drop, is it bottom fishing or cutting losses?



"There are no eternal rises in the crypto circle, only eternal volatility."

Just look at this 1-hour chart of MU, it rushed to 1255 just now and was firmly suppressed. All technical indicators are screaming 'overbought' and signaling a drop. Short-term pullback pressure is huge!

But don't panic, look at the liquidation map. The price is now on the edge of short positions being liquidated. Once the bulls exert force, the bears will be trampled in a 'short squeeze'.

Major bullish news just released by smart money big institutions: Micron has locked in super large orders for the next few years, and the severe shortage of AI storage will continue for several more years!

Baiyue Strategy
Want to go long: around 1150-1155, target around 1200-1190
Want to go short: around 1180-1200

The general trend is to follow the big institutions for a ride, but short-term volatility is strong. Set your stop losses and don't slack off!

#美光市值超越Meta跻身全美前十 #美国VS土耳其
MU-5.26%
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YieldYardkeeper
· 1h ago
How long can Micron's AI narrative hold out? It feels like every time positive news comes out, it's a short-term high.
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