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$MU /USDT on a 4-hour timeframe—are the shorts building momentum?
$MU /USDT - Going SHORT (sell)
Trading plan:
Entry: 988.95 – 994.97
SL: 1020.83
TP1: 970.30
TP2: 955.87
TP3: 934.21
Why watch this setup?
- Current price 991.96, 15-minute RSI 48.69, slightly weak/neutral.
- The 4-hour direction is clearly SHORT; ATR 12.03 indicates volatility is expanding.
- Targets TP1 970.30, TP2 955.87, stop-loss 1020.83.
- Why now? RSI isn’t oversold; the trend is still within a range, and the short entry point is close to the resistance level.
Discussion:
Will this leg of the shorts reach TP1 first, or will it be a bull trap with a rebound?