$MU: Wait for a Better Entry or Buy Now?

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$MU: Wait for a Better Entry or Buy Now?Micron Technology, Inc.BATS:MUGDJ_JinnLast week, in my MU analysis, I lowered my take-profit level from $1,040 to $980. That move allowed us to capture a 12% upside while avoiding the profit giveback from this 10% pullback. So how am I positioning now? Chart Analysis Two things stand out on the chart: · MU has broken below a 4H bearish head & shoulders structure and then rebounded into the supply zone. Sellers above $1,000 are clearly showing strength, while buyers are also stepping in around the $880–840 area. · At the same time, on Thursday, July 23, price broke above a LTF downtrend line, forming a potential small-scale bullish head & shoulders pattern. Trading Plan Since I already sold my position, which I originally accumulated around $870, at $980, I am currently flat. I will look to buy another 20% of my intended position in the $866–850 zone, and plan to trim again if price reaches back above $1,000. However, if MU breaks above the $1,035 high, that would invalidate the earlier bearish structure and confirm it as a bear trap. In that case, the position should move strongly into profit, and I would look for another opportunity to add. If price breaks below $820, I will wait for price to reach my accumulation zone before reducing exposure more aggressively. Summary My plan is to scale back into the $866–850 area and avoid missing the move in case the current weakness turns out to be a bear trap. If price breaks above $1,035, I will add again on strength. My original accumulation plan in the $686–640 zone remains unchanged. If you also want to plan your U.S. stock trades over the weekend—without constantly switching between apps for Gold, Crypto, and Stocks—you should check out rToken. Unlike synthetic assets that rely on oracles or on-chain liquidity pools, rToken routes orders through broker channels directly to the real NASDAQ and NYSE order books, allowing 24/7 trading while maintaining real U.S. equity liquidity with the efficiency of the crypto market. This is one of the most interesting bridges between traditional equities and crypto trading that I've seen recently.