MU — Short: overbought → fade back into the channel
Context: After an extended run, price is stretched above the rising channel; local distribution under a minor descending channel. Expect mean-reversion back inside the broader channel.
Entry: 174–176
Stop: 186.8 (above channel top / recent spike)
Targets:
TP1: 157.5 (previous ATH / first support)
TP2: 150.0 (testing psycho level)
R/R: ≈ 1:2 toward TP2
Invalidation: Strong breakout and hold above 186.8.
Context: After an extended run, price is stretched above the rising channel; local distribution under a minor descending channel. Expect mean-reversion back inside the broader channel.
Entry: 174–176
Stop: 186.8 (above channel top / recent spike)
Targets:
TP1: 157.5 (previous ATH / first support)
TP2: 150.0 (testing psycho level)
R/R: ≈ 1:2 toward TP2
Invalidation: Strong breakout and hold above 186.8.
Supply And Demand Trading .com
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Supply And Demand Trading .com
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.