MU USDT on a 4-hour timeframe, the shorts are brewing a surprise strike.



$MU /USDT - Go SHORT

Trading plan:
Entry: 939.56 – 946.30
SL: 975.27
TP1: 918.68
TP2: 902.51
TP3: 878.26

Why watch this structure?
- The 15-minute RSI has fallen to 24.5, extremely oversold but not rebounding, indicating shorts are still ramping up.
- The current price is 942.93, tightly hugging the 4-hour EMA. Once it breaks below the 939.56 support, it should accelerate toward TP1 918.68.
- Why now? After oversold, if it fails to quickly reclaim 946, shorts will take advantage and grind down long positions to trigger stop losses.

Discussion:
Will this leg reach TP2 902.51 first, or is it a short-selling trap?
MU-7.65%
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134Ceros
· 1h ago
This structure looks a bit ugly, and being oversold without a rebound is a negative sign for longs.
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