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Has the RSI of $MU /USDT dropped to 39—bounce is imminent?
$MU /USDT - Go LONG
Trading plan:
Entry: 861.62 – 868.46
SL: 822.33
TP1: 897.08
TP2: 918.43
TP3: 950.47
Why focus on this structure?
- 15m RSI is oversold at 39.32, with a clear short-term oversold rebound signal.
- On the 4H timeframe, it remains bullish long-term; the support test around 865 is effective.
- Target TP1 at 897.08, with a risk-reward ratio as high as 1:2.3.
Discussion:
Will this bounce reach TP1 first, or is it a bull trap?