MARKET TALK - MU/USDT

​Current Price: 924.05 (+8.07%)

​Trend Structure: The short-term trend is undergoing a fairly strong recovery (bullish reversal/bounce) after previously touching a local low (swing low) at 707.31.
​Momentum: The last 4-hour candle shows a fairly sharp green impulsive breakout toward the upper area of local resistance.

​Key Levels (Support & Resistance)
​Main Resistance 1: 950.72 (The nearest resistance level that was previously tested).
​Main Resistance 2: 1,011.58 (Previous swing high).

​Nearest Support: 859.44 (Local consolidation/swing low area before this sharp rise).
​Strong Support: 768.16 – 707.31 (Critical lower boundary if a deep correction occurs).

​Price Movement Scenarios

​Bullish Scenario:
If the candle manages to break through and close above 950.72, the upward momentum could continue toward the previous peak at 1,011.58.

​Retest / Normal Correction Scenario:
Considering that the upward candle was quite impulsive without a brief consolidation, there is potential for a light pullback first toward the 880.00 – 900.00 range before continuing upward.

​Bearish Scenario:
If the price fails to break through 950 and reverses downward, breaking the 859.44 support, this short-term bullish structure becomes invalidated and the price risks retesting the 768 – 707 area.
​Strategy Recommendations

​For Buyers (Long): Avoid FOMO buying directly at the current running price (924.05) because it is approaching the 950.72 resistance. The best option is to wait for a pullback to the 880–900 area with a Stop Loss below 859, or wait for a confirmed breakout & retest above 950.72.

​For Sellers (Short): Monitor the price reaction around 950.72. If a rejection candle appears (such as a shooting star or bearish engulfing), there is an opportunity to scalp short with a target of returning to the 880–900 range.
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