$Micron Technology(MU)$ trade idea
Interesting chart here for a few reasons.
There are three key supports:
$105/$101/$95
We took a hard bounce off of $105 WITH a liquidity grab with clearing out all order blocks at previous double bottom ($105.63)
This is a strong entry and we know immediately if it’s not going to hold where stop is, our next two areas for a second chance entry.
Entry: $107.50
$109/$112.80/$117/$127
If we stop out at loss of relative low, we have a liquidity zone down to $101/$95. I will also watch for support pickup there if the entry doesn’t play out
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