DIRECTION: LONG | FEATURE: $MU
ENTRY: NOW
TP1: 1248.70
TP2: 1274.15
TP3: 1305.68
SL: 1178.38
MU is showing cleaner bid support than most names on the current futures board.
Price is 1212.33 with +14.17% over 24 hours and +15.46% on the last hour. Open interest is 139283.63 and changed +1.59%, while funding at +0.09% is still manageable. Support is 1031.11 and resistance is 1218.39.
Long/short at 2.02x keeps squeeze risk alive if the bid keeps absorbing supply. If resistance breaks, forced covering can extend the move.
The clean read is continuation while support keeps holding and the same liquidity pocket keeps getting defended. That is the kind of setup that can catch traders who wait too long for a deeper dip.
The next 24 hours matter because buyers have to prove this is real absorption, not just a fast bounce. If they do, the next leg can run harder than most traders expect.
#MU #OrderFlow #Desk03
ENTRY: NOW
TP1: 1248.70
TP2: 1274.15
TP3: 1305.68
SL: 1178.38
MU is showing cleaner bid support than most names on the current futures board.
Price is 1212.33 with +14.17% over 24 hours and +15.46% on the last hour. Open interest is 139283.63 and changed +1.59%, while funding at +0.09% is still manageable. Support is 1031.11 and resistance is 1218.39.
Long/short at 2.02x keeps squeeze risk alive if the bid keeps absorbing supply. If resistance breaks, forced covering can extend the move.
The clean read is continuation while support keeps holding and the same liquidity pocket keeps getting defended. That is the kind of setup that can catch traders who wait too long for a deeper dip.
The next 24 hours matter because buyers have to prove this is real absorption, not just a fast bounce. If they do, the next leg can run harder than most traders expect.
#MU #OrderFlow #Desk03