$MU /USDT: Hidden short trap on the 4-hour timeframe?



$MU /USDT - SHORT

Trading plan:
Entry: 983.72 – 992.04
SL: 1027.86
TP1: 957.89
TP2: 937.90
TP3: 907.92

Why focus on this structure?
- RSI (15m) at 63.31: short-term overbought but not out of control; the 4-hour direction is clearly bearish.
- The daily consolidation range: the current position is near the resistance band, leaving plenty of room for downside.
- Why now? The 4-hour EMA is in a bearish alignment—wait for a pullback to confirm before entering for a better risk-reward ratio.

Discussion:
For this short, do you look for TP1 957.89 first, or do you go straight through to TP2 with a wick?
MU5.44%
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