MU: Bulls are holding the line at 1100—shorts getting blown out is only a matter of time!



Wan Ge’s take: Smart money is still adding positions with $8.08M in unrealized profit; a pullback is a golden opportunity, target 1165!

Main force’s hidden card: Bulls crushing
Long/short ratio is 113.53%! 302 longs vs 231 shorts; longs opened at an average price of $1009, with $8.08M in unrealized profit. Shorts’ average price is $1078, with a $2.71M unrealized loss. On June 29, a massive whale swept buys at $1156; it’s 15% underwater but won’t budge—the intent is clear.

News: All bullish
Cantor raised its target price to 2000, and Wall Street is collectively bullish. TrendForce raised DRAM contract prices—Q3 up 20%. Micron’s gross margin is 84.9%, and it signed a $100B long-term agreement.

Market action: Nothing left to drop
Current price is 1118, lower Bollinger band at 1123, SAR at 1159 moving upward, funding rate 0% with no overheating. The bulls’ cost zone is $1009–$1156—current price is right on the lower edge!

Wan Ge’s trading suggestion:
Go long in batches at 1115–1120, target 1150–1165. If you know, you know.

#Gate完成141只股票股息派发 #Strategy拟回购股票 $MU
MU-2.62%
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