$MU USDT Micron daily wrap-up: After breaking down under heavy pressure at high levels, the rally is nearing its end—place short orders at high levels

News: Progress in improving supply and demand in the memory chip industry is lagging behind market expectations, and the pace of global end-market demand recovery has slowed. Risk sentiment in the US stock tech sector has eased; high-level capital continues to take profits. In the short term, there is a lack of major industry catalysts that could sustain continued upward price action, so the rebound lacks follow-through.

Technical: On the four-hour timeframe, after pushing up to highs, price met resistance and pulled back. The long-side structure has been damaged, and a large bearish candle has broken through short-term moving average support. The yellow OB order block above forms the key resistance zone at 867-877, and the moving averages have turned downward to create pressure

Trading idea: When the rebound reaches the 867-877 resistance zone, scale into short positions in batches. With the current price around 832, it’s not advisable to chase shorts directly—wait for the rebound to face rejection before entering

⚠️The US chip sector is easily influenced by broader market sentiment linkage; for all orders, set stop-losses strictly and prohibit holding positions for the long term.
（This article only shares trading outlook ideas and does not constitute any investment advice）

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