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The harshest part of this market action is that it first grinds people out, and then pulls the direction. $MU It kept pressing down earlier and looked like it had no force, but what really caught my attention was that every time it fell to around 744.46, it got bought back—there was no further breakdown at the lows.
Many people only look at whether it’s bullish or not; I’m looking at who is taking initiative. When sell orders can’t smash it down, the bid starts pushing up, and MU’s rhythm changes. The price is already at 887.17 now. The long position’s return is +924.41%. After the market space is released, the earlier waiting makes sense.
I won’t start wandering just because I’m in profit. I’ll do it in batches with 70/30: take some profits first, and leave the rest for the protection level, letting the market decide on its own. If it stays strong, let it run; if it pulls back and breaks the rhythm, I won’t give back too much profit. If you haven’t entered yet, don’t be in a hurry—don’t chase the order—wait for the next opportunity.
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