$MU Follow the bearish direction. Everyone is chasing this bounce right now, but I think this could be a bull trap.



The current 4-hour bearish trend is still ongoing, and the daily chart overall remains range-bound. Price has already reacted after being rejected in the resistance zone from 845.76 to 847.02. On the 15-minute chart, the RSI is around 48, momentum is neutral, and there is still room for further pullback to the downside. Also, the 15-minute trading volume has surged by nearly two times, suggesting there is real sell-side participation.

I’ve entered around this area. On the downside, you can watch supports near 841.83 to 834.24 in batches. Everyone should pay attention to risk, place a stop loss near 852.47, and don’t go too heavy chasing.
MU-4.02%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned