**Title: $MU and the Exciting Breakout: Will It Reach New Highs?** 🚀
Currently, the price has edged up to $675.0198, marking significant volatility in the past 15 minutes. Compared to the 4-hour chart, the price is above the support level of $646.88 and has surpassed the resistance of $671.36, indicating that the upward momentum is in control.
The High/Low price structure remains stable. With the SMA20 (655.1855) and EMA50 (658.3369) trending upwards with positive slopes, the price is being firmly supported by these two moving averages. The money flow has truly exploded, with the 4-hour volume surging by 208.80%, plus the Taker Buy/Sell Ratio reaching 1.01, showing that the buyers are slightly but very aggressively in control.
Open interest (OI) increased by 2.61%, indicating that "whales" are actively opening positions. The funding rate of 0.0403% and the overall market Long/Short ratio of 1.84 show that the bullish sentiment remains dominant. Although the RSI reached 69.36, approaching the overbought zone, the slope of 9.18 suggests that the upward momentum is still very strong. With neutral sentiment and no bad news, the bulls have the home advantage. 📊
Do you think this is the time for MU to take off, or will the short side return to deliver a "cold shower"?
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$BTC, $XAU, #CreatorpadVN
Currently, the price has edged up to $675.0198, marking significant volatility in the past 15 minutes. Compared to the 4-hour chart, the price is above the support level of $646.88 and has surpassed the resistance of $671.36, indicating that the upward momentum is in control.
The High/Low price structure remains stable. With the SMA20 (655.1855) and EMA50 (658.3369) trending upwards with positive slopes, the price is being firmly supported by these two moving averages. The money flow has truly exploded, with the 4-hour volume surging by 208.80%, plus the Taker Buy/Sell Ratio reaching 1.01, showing that the buyers are slightly but very aggressively in control.
Open interest (OI) increased by 2.61%, indicating that "whales" are actively opening positions. The funding rate of 0.0403% and the overall market Long/Short ratio of 1.84 show that the bullish sentiment remains dominant. Although the RSI reached 69.36, approaching the overbought zone, the slope of 9.18 suggests that the upward momentum is still very strong. With neutral sentiment and no bad news, the bulls have the home advantage. 📊
Do you think this is the time for MU to take off, or will the short side return to deliver a "cold shower"?
If you found this article helpful, please like, share, follow, tip, or use the widget below. Thank you!
$BTC, $XAU, #CreatorpadVN