MU Ready for a Bigger Move? Key Levels to Watch – Nov. 20Micron Technology, Inc.BATS:MUBullBearInsights1-Hour Trend Overview MU has been recovering from the recent selloff and is now pushing off a higher-low formation. Price reclaimed the 230 zone, which has acted as a heavy demand area multiple times. Momentum on the 1-hour is shifting upward as MACD flips positive and buyers defend dips. Key notes from the chart: * Price is climbing out of a falling channel. * A clear BOS formed above 232, showing buyers stepping back in. * The next major test is 237–240, where previous supply rejected price multiple times. Key 1H Levels: * Resistance: 237.00 → 240.00 * Support: 230.00 → 225.50 * Deeper support: 216.50 If MU holds above 232–235, it opens the door to retest 240. 15-Minute Trading Setup MU is forming a higher-low structure and building acceptance above 235. What the 15m shows: * CHoCH → BOS sequence confirms short-term trend reversal. * Buyers stepped in strongly off the green demand block around 228–231. * Price is now pushing into the 237 zone, which is the first resistance for active traders. 15m Trade Thoughts: Bullish: * Above 237.00 → potential continuation to 240.50 * Best setup: Break and retest of 237 turns that zone into intraday support. Bearish: * Below 232.00 → pulls back toward 230 and possibly 228 * Only valid if 235 breaks with momentum and 15m trend flips. GEX Interpretation (The Confirmation Layer) GEX adds clarity to the bigger move: Based on your GEX chart: * The strongest positive GEX zone is near 240–250, aligning with the 1-hour upside targets. * CALL resistance sits around 237–240, suggesting this is the area where price may stall before breaking or rejecting. * Highest negative NETGEX / PUT support sits at 230, confirming this as the firm downside floor for now. * Below 230, open air to 216–220. What GEX suggests for direction: * If MU stays above 235, calls dominate and price gravitates toward 240. * If MU loses 230, the market shifts into put control and sellers pull price toward 225 or lower. Options Trade Ideas (Based on GEX & Price Structure) Bullish Options Setup (if 237 breaks): * 240 or 245 calls * Preferred expiry: This week or next week * Thesis: Break above CALL wall targets 240–245 zone where GEX resistance sits. Bearish Options Setup (only if 230 breaks): * 230 puts or 225 puts * Preferred expiry: This week * Thesis: Falling below PUT support opens a fast drop to 225 or even 216. Neutral / Scalp Plan: * Straddle not ideal due to spacing between support/resistance. * Better to trade direction once 237 or 230 breaks. Summary MU is shifting bullish but still sitting right underneath major GEX resistance. The key is whether price can break through 237–240. If it does, momentum could extend quickly. If not, price may chop back toward 232 or 230. Disclaimer: This is for educational purposes only and not financial advice. Always manage risk and confirm your own setups before trading.