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The Long Investor - $MU part 3
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The Long Investor - $ETH - TOP 10 -
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$MU is at a very interesting stage here as it's testing the lower level of the wedge, and we're watching to see if buyers step in or not.
Ideally, we would like to see this level fail as support, and the price drop below the 0.38 Fib at $800 and test the 200 Day MA at $746.
If we saw confirmed support there, that would present a strong buy level.... it also aligns with the lows back in July, adding an extra layer of confluence to that support level.
Ultimately, I wouldn't be rushing any decisions here.
We are watching for confirmed support.... so far, that has not been confirmed.
$MU is at a very interesting stage here as it's testing the lower level of the wedge, and we're watching to see if buyers step in or not.
Ideally, we would like to see this level fail as support, and the price drop below the 0.38 Fib at $800 and test the 200 Day MA at $746.
If we saw confirmed support there, that would present a strong buy level.... it also aligns with the lows back in July, adding an extra layer of confluence to that support level.
Ultimately, I wouldn't be rushing any decisions here.
We are watching for confirmed support.... so far, that has not been confirmed.
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