$MU Watch the long side opportunity. A lot of people now think it’s about to break down, but I think this could be a shakeout trap—those who get off early are likely to regret it later.

The current 4-hour long structure is still valid, and the daily-level support in the 858 to 862 range is also holding. Looking at the 15-minute RSI around 52, there’s room for further upside. Also, the volume and liquidity data shows real buying has been coming in.

In terms of levels, you can watch for stabilization around 858.8 to 862.4. To the upside, it may test 873.7 and even around 895.4. Place the defensive level around 843.2. Set your stop loss properly, manage risk, and don’t go too heavy chasing.