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$MU /USDT 4-hour short alert, RSI drops to 26!
$MU /USDT - Go SHORT
Trading plan:
Entry: 958.71 – 965.39
SL: 994.12
TP1: 937.99
TP2: 921.96
TP3: 897.90
Why pay attention to this setup?
- The 15-minute RSI is already at 26.66, extremely oversold, but the bearish trend hasn’t changed.
- 4-hour direction is clear: SHORT. Reference entry at 962.05, TP1 at 937.99 (-2.5%), TP2 at 921.96 (-4.2%).
- Why now? A weak rebound from low RSI, with bearish momentum still pressured under the EMA; the stop-loss is set at 994.12 (+3.3%) to control risk.
Discussion:
Will this leg of the bearish move hit TP2 first, or is it a stop-hunt bounce?