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Emergency Alert! $MU A cascading sell-off has exposed the major players’ cards—retail traders, do not take the wrong side of this rebound!
There may be brave traders beneath a cascade, but blindly charging in will only turn you into fuel for market manipulators!
The storage sector is weak in the latest premarket session, while optical communications stock LITE is surging over 5%—funds are rotating! Looking at MU’s 1-hour chart, it plunged in a cascading sell-off from the high of 1095 to 1004.71, with the current price at 1009. Technically, RSI has plunged to the extremely oversold zone at 24-30, while the green MACD bars below zero are shortening, indicating that bearish momentum is fading. The round-number level of 1000 is the major players’ psychological make-or-break line!
Mig’s exclusive trading strategy:
Long: Once the price stabilizes around 1000 - 1005, cautiously try a small long position; short: If the rebound is rejected around 1030 - 1040, decisively enter a short position
Personal view:
There is a need for a short-term oversold rebound, but the trend is bearish, so avoid taking oversized positions and stubbornly holding on! In crypto, protecting your principal is always more important than gambling on luck. Are you bullish or bearish on this move? Follow Mig, and I’ll help you snipe the major players as we move forward together!
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