Micron Technology (MU) Trade Plan (1-Hour)

$MU ‌#SummerCreationCamp
Current Price: 920.16
Market Structure
The stock has corrected nearly 9% from the recent high of 1,011.73.
Price is trading below the 5, 10, and 30-period moving averages, indicating short-term bearish momentum.
MACD remains below the signal line, suggesting sellers still have the advantage.
The recent bounce from the intraday low hints that buyers are attempting to defend support.
Swing Buy Setup
Entry Zone: 910–925
Stop Loss: 890
Take Profit
TP1: 950
TP2: 980
TP3: 1,010
Breakout Strategy
Buy only if the 1-hour candle closes above 950 with strong volume.
Entry: 952–958
Stop Loss: 930
Targets:
TP1: 980
TP2: 1,010
TP3: 1,050
Bearish Scenario
If 890 fails to hold:
Next support: 860
Strong support: 820–800
Risk Management
Risk only 1–2% of your trading capital on a single trade.
Take partial profits at TP1 and move the stop loss to breakeven.
Wait for confirmation before buying, as the stock is still in a short-term corrective phase.
Bias: Neutral to cautiously bullish. The trend can recover if MU reclaims 950. Until then, expect consolidation between 900 and 950, with 890 acting as the key support level.