Breakout or Breakdown? Here's My Trading Plan

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Breakout or Breakdown? Here's My Trading PlanRMUUSDT SPOTBITGET:RMUUSDTTorik2xrMU at a Decision Point After a volatile week, Micron (rMU) is approaching a critical decision zone. The recent sell-off erased bullish momentum, but buyers are still defending an important support area. Instead of predicting the next move, I'm focusing on the levels that matter most. Market Structure The sharp rejection from recent highs shifted momentum from trending to range-bound. Price is now trapped between key support and resistance, making patience more valuable than chasing candles. This is the type of environment where confirmation matters more than prediction. Key Levels Support $904–910 Major demand zone $890 Secondary support $852–856 Strong downside target if support fails Resistance $932–938 First breakout barrier $955–960 Major trend resistance (50-day MA area) $990 Bullish continuation target 🟢 Bullish Scenario Entry Trigger Daily close above $938 Target 1 $955–966 Target 2 $990 Extended Target $1,020+ Invalidation Close back below $920 A successful breakout above resistance would signal renewed buying momentum and increase the probability of trend continuation. 🔴 Bearish Scenario Entry Trigger Daily close below $904 Target 1 $890 Target 2 $852–856 Extended Target $804 Invalidation Daily close above $920 Losing the current support zone would likely attract additional selling pressure and shift momentum back in favor of the bears. My Trading Plan I'm not interested in guessing the next move. I'll wait for the market to confirm direction: Above $938 I'll look for long opportunities. Below $904: I'll favor short positions. Between these levels No trade. Capital preservation comes first. The best trades usually come from confirmed breakouts not emotional entries. I'm tracking this setup through Bitget rToken, where the same technical structure can be monitored as price develops. Trade the confirmation, not the prediction. This analysis reflects my personal market view and is not financial advice. #Bitget #rToken #Micron #rMU #TechnicalAnalysis #TradingView #Stocks #PriceAction #RiskManagement।