$MU /USDT short setup is in place— is the 1000 level a trap?



MU_USDT - SHORT

Trading Plan:
Entry: 996.64 – 1004.06
SL: 1035.95
TP1: 973.65
TP2: 955.85
TP3: 929.15

Why pay attention to this structure?
- Bearish on the 4-hour timeframe; RSI 15m at 48.45 is slightly weak/neutral, and 1-hour ATR at 14.8 indicates moderate volatility.
- The current price of 1000.35 is near the resistance zone; the 1D trend is ranging, making the short entry point reasonable.
- Short targets: TP1 973.65, TP2 955.85; SL 1035.95; the risk-reward ratio is above 1:2.
- Why now? The 1000 psychological level has been tested multiple times without breaking out; short-term momentum is fading, and the bearish signal is clear.

Discussion:
Will this leg reach TP2 first, or will it lure a rebound that runs into the SL?
MU2.13%
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