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Everyone’s buying $MU /USDT at 1,039—but the RSI is screaming exhaustion.
$MU /USDT - SHORT
Trade Plan:
Entry: 1037.16 – 1041.06
SL: 1057.83
TP1: 1025.07
TP2: 1015.71
TP3: 1001.68
Why this setup?
- 15m RSI hit 84.04, well into overbought territory on a range-bound 1D trend.
- ATR on 1h is wide at 7.8, meaning any rejection from 1,039 could snap to TP1 (1,025) fast.
- Why now? The bias is SHORT at 55% confidence, and the entry zone is tight—waiting for a fakeout or a wick above 1,041 to trigger a reversal play.
Debate:
Are you shorting the 1,039 rejection or waiting for a breakout above 1,041?