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$MU /USDT 4-hour-level short signal, but don’t enter just yet.
$MU /USDT - SHORT sell
Trading plan:
Entry: 977.53 – 984.69
SL: 1015.50
TP1: 955.32
TP2: 938.12
TP3: 912.33
Why focus on this structure?
- Current price 981.11 is right below the 984.69 resistance, and the 15-minute RSI at 51.85 is neutral-to-weak.
- The 4-hour chart is bearish, but the 1-day trend is ranging, meaning the risk of chasing longs above 981 is high.
- Why now? Price has been bouncing around near the EMA; if it breaks below the 977.53 support, the short side will accelerate toward TP1 955.32.
Discussion:
Will this wave of shorts hit TP1 955 first, or will it fake out with a short squeeze bounce back above 985?