$MU: I'm In. Waiting for More Accumulation

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$MU: I'm In. Waiting for More AccumulationMicron Technology, Inc.BATS:MUGDJ_JinnAs I mentioned in one of my Ideas last week: "I'm still extremely bullish on the long-term outlook for the memory industry, but I don't think now is the right time to buy." Since its June high, MU has corrected nearly 35%, while SK hynix has fallen more than 40% from its peak. I don't think the selling is over yet—let's keep our expectations realistic. What the chart is telling us: A Head & Shoulders pattern has been confirmed. A fresh supply zone has formed. Buyers stepped in on July 17, but failed to reclaim higher prices. Based on the current structure, I believe MU is likely to continue lower toward the $680–640 support zone, where I expect a higher-probability accumulation opportunity. Last week's trading plan & current update: ✅ Bought 20% of my intended position between $870. ⏳ Watching price action around $980 before deciding whether to take partial profits or add to my position. (I lowered my original target from $1,040–1,060.) ⏳ If MU continues to correct, I'll begin accumulating more aggressively in the $680–640 zone. Long-term target: $1,500+ That view hasn't changed. An industry with order books stretching well into the coming years isn't going to lose its long-term story overnight. The fundamentals of the memory sector remain intact. AI-driven demand, DRAM, and HBM are still powerful long-term growth drivers. I'm staying bullish on AI and memory. For now, I'm simply waiting for the market to offer a better opportunity. 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.