$MU: $1,500 Target — But Not Yet

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$MU: $1,500 Target — But Not YetMicron Technology, Inc.BATS:MUGDJ_JinnThe bull market in the memory sector is far from over. Don't miss it again. SK Hynix CEO: "The memory shortage may persist past 2030. Next year is expected to be the worst year in the industry's history from a supply perspective." 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. From the 4H chart, Micron has already gone through roughly a 30% correction, which looks like a clear distribution phase. Although we've seen several rebounds, buying pressure has remained weak, and price is currently forming a potential Head & Shoulders pattern. My Trading Plan ·Buy 20% of my intended position between $890–858. ·Watch price action closely around the $1,040–1,060 resistance zone before deciding whether to take profits or add to the position. ·If MU fails to break above resistance and continues correcting, I'll wait for the $688–640 accumulation zone to add more. Long-term target: $1,500+ I'm betting on the future of Memory + AI. Are you? 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.