MUG/USDT (Micron Technology) – 1H Trade Plan

$MUG ‌#EventContractsLive
Technical Overview
Current Price: 965.43
24H High: 994.86
Trend: Short-term pullback within a broader bullish structure.
Price has slipped below the 5 EMA and 10 EMA, showing temporary bearish momentum.
EMA30 (≈943) remains below price, so the medium-term trend is still constructive.
MACD is weakening with bearish momentum increasing.
KDJ is oversold (J below 0), suggesting a relief bounce is possible if buyers return.
Key Levels
Support
960–965 (immediate)
942–945 (EMA30)
910 (major support)
Resistance
975–978
990–995
1006 (breakout level)
Long Trade
Entry 1: 958–965 (only if bullish reversal candles appear)
Entry 2: Buy after a confirmed 1-hour close above 978.
Targets
TP1: 978
TP2: 992
TP3: 1005–1010
Stop Loss
Below 950 for aggressive entries.
Below 940 for swing positions.
Short Trade
Consider only if price closes below 950 on the 1-hour chart.
Targets
942
930
910
Stop Loss
Above 972.
Trading Strategy
The current candles indicate a healthy pullback rather than a confirmed trend reversal.
Avoid chasing the market while it is below the short-term moving averages.
Wait for either:
a bullish reversal near 960, or
a breakout above 978 with stronger volume.
Risk Management
For a $150 position:
Risk no more than 2% ($3) on the trade.
Scale out profits:
40% at TP1
30% at TP2
30% at TP3
Move the stop loss to breakeven after TP1 is reached.
Bias: Cautiously Bullish. The higher-timeframe structure remains positive, but the next few 1-hour candles will determine whether this is merely a pullback or the start of a deeper correction.