⚔ Bulls vs. Bears in Tight Formation! ⚔
🔍 Technical Analysis Snapshot: Micron (MU) is consolidating within a symmetrical triangle, hinting at an explosive move ahead! This classic pattern signals indecision — but a breakout is inevitable as price coils tighter.
📍 Key Insights: ◾ Pattern: Symmetrical Triangle – a battle zone between bulls and bears.
◾ Breakout Setup: Watch closely for price to break above/below the triangle boundaries.
◾ 200 MA Resistance: Looming above the triangle, acting as a major ceiling.
◾ Support Level: $64.56 – key zone if breakdown occurs.
🎯 Trade Setup:
🔼 Bullish Scenario:
Entry: Buy on confirmed breakout above triangle and 200 MA
Stop Loss: Below lower triangle boundary
Target: $88.00+
🔽 Bearish Scenario:
Entry: Sell if price breaks down the lower trendline
Stop Loss: Above upper triangle line
Target: $48.50 and possibly lower
⚠ Pro Tip: Wait for a clear candle close outside the triangle to avoid false breakouts!
🔥 Final Thoughts:
MU is in decision mode — the symmetrical triangle won’t hold much longer. Whichever way it breaks, the move could be sharp and tradeable. Stay alert and react swiftly!
🔍 Technical Analysis Snapshot: Micron (MU) is consolidating within a symmetrical triangle, hinting at an explosive move ahead! This classic pattern signals indecision — but a breakout is inevitable as price coils tighter.
📍 Key Insights: ◾ Pattern: Symmetrical Triangle – a battle zone between bulls and bears.
◾ Breakout Setup: Watch closely for price to break above/below the triangle boundaries.
◾ 200 MA Resistance: Looming above the triangle, acting as a major ceiling.
◾ Support Level: $64.56 – key zone if breakdown occurs.
🎯 Trade Setup:
🔼 Bullish Scenario:
Entry: Buy on confirmed breakout above triangle and 200 MA
Stop Loss: Below lower triangle boundary
Target: $88.00+
🔽 Bearish Scenario:
Entry: Sell if price breaks down the lower trendline
Stop Loss: Above upper triangle line
Target: $48.50 and possibly lower
⚠ Pro Tip: Wait for a clear candle close outside the triangle to avoid false breakouts!
🔥 Final Thoughts:
MU is in decision mode — the symmetrical triangle won’t hold much longer. Whichever way it breaks, the move could be sharp and tradeable. Stay alert and react swiftly!
Trade active
Micron Technology (MU) Trade Activeted 🚀 📈 Bullish Breakout Success! 📈
Our MU trade is active and soaring after a clean bullish breakout above $70! Buyers are in control, and we’re riding this AI-driven momentum wave. Let’s keep targeting $90 — stay locked in! 💥
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.