$MU /USDT on a 4-hour timeframe shows a bearish signal, but the RSI is still at 54—are the big players just dangling promises?



$MU /USDT - SHORT

Trading plan:
Entry: 980.74 – 985.82
SL: 1007.70
TP1: 964.97
TP2: 952.76
TP3: 934.44

Why focus on this structure?
- Current price 983.28, the 4-hour direction is clearly SHORT, but the 15-minute RSI is only 54.62, not overbought and not oversold, suggesting short-term momentum hasn’t been fully released.
- Why now? 1D trend is consolidating in a range, the 4-hour bearish signal has just appeared, and ATR=10.17, indicating ample room for movement.
- Main plan: entry 983.28, TP1=964.97 (-1.9%), TP2=952.76 (-3.1%), SL=1007.70 (+2.5%).
- If it breaks 985.82, be alert for a reversal to an ALT long setup.

Discussion:
Will this bearish move reach TP2 first, or will it get pulled back by the EMA to lure longs?
MU-0.06%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned