Micron Today: Very Simple Verbal Trading Strategy

Today, the overall rhythm of Micron is very clear: the long-term trend remains bullish, the intraday short-term is weakly oscillating, which is a high-level shakeout pullback, not a reversal of the downtrend.

First, set the direction:
Currently, the price is below the BBI Bull-Bear line, and the short-term is a bearish oscillation structure.
Before firmly standing above 1126, do not actively chase longs;
Before breaking below the 1116 support, do not blindly chase shorts.

Today, there are two simple strategies:

First, short on rallies
When a rebound approaches the resistance area of 1124-1126, if it cannot go higher, then short.
Stop loss placed above 1130, first target pullback to 1116, if broken directly target 1100.

Second, go long on stabilization at lows
When retesting 1116 support, if it does not make a new low and volume shrinks with stabilization, you can try a small long position.
If it firmly holds above 1126 to confirm reversal, add more on a pullback, upside target 1140.
If it breaks below 1112, stop loss directly, do not hold positions.

Three core rules for today:

1. In the first half hour of the morning session, only observe, don't go heavy, wait for the direction to settle.
2. All day, it is a range oscillation between 1116-1126, trade with the trend on breakout, don't blindly trade if not broken.
3. On the eve of tonight's Nonfarm Payrolls, capital is cautious, absolutely do not hold any positions overnight, close all positions at the end of the session.

Final summary in one sentence:
Long-term bull market unchanged, intraday shakeout oscillation. Short at resistance, buy on dips at support, follow on breakout, strictly stop loss, no overnight positions.