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Is $MU /USDT’s 985.7 a trap or a real breakout?
MU_USDT — go short SHORT
Trading plan:
Entry: 984.5 – 986.9
SL: 997.1
TP1: 977.2
TP2: 971.5
TP3: 962.9
Why focus on this structure?
- The 4H direction is clearly SHORT; the 15M RSI at 47.98 has not oversold, so downside room remains.
- The current price at 985.7 is tightly hugging the EMA; if it breaks below 984.5, TP1 at 977.2 is within reach.
- Why now? The 1D trend is ranging; the 4H bears are building momentum—this is the entry point for a short-term rebound.
Discussion:
Will this wave reach TP2 first at 971.5, or will it be a bull trap rebound up to SL 997.1?