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$MU /USDT 4-hour RSI has topped out, and the short signal is already lit.
$MU /USDT - SHORT to go short
Trading plan:
Entry: 893.97 – 903.75
SL: 945.77
TP1: 863.67
TP2: 840.22
TP3: 805.03
Why focus on this structure?
- 15-minute RSI is as high as 70.92, short-term is overbought, and pullback pressure is high.
- The 4-hour direction is clearly SHORT, with confidence 55.4, and the support level is 893.97.
- Current price is 898.86; TP1 target is 863.67, with upside space of about 4%.
Discussion:
Will this leg hit TP1 first, or is it a bull trap bounce that rallies to SL?