Warm greetings, traders. Right now we're watching Micron Technology (MU), which is currently sitting in a consolidation phase. Can the resistance zone around $1,047 to $999 push the price back down? The honest answer is it's not certain. Analyzing a stock can never be based on price charts alone, you also need to keep an eye on the latest news and financials about the company.

So what would you do in a situation like this? Wait for a BOS confirmation, or wait for a CHoCH? If you're the kind of trader who's patient and doesn't fomo into entries, you're doing it right. But there are also traders who see a setup like this as a golden opportunity to jump in. "Why would anyone want to enter when the market direction is this unclear?" As we can see, MU is in a consolidation phase, and traders taking buy positions usually like to enter near the lowest price, in the support zone around $755 - $698, for their buy setups.

Just remember, whatever method you use, it all comes down to you. It's fine to study or follow someone else's analysis, but never risk your capital on intuition that isn't your own. I won't get into Micron's financial health or balance sheet here, so go check the newly released official site at Investormicron, or head over to Yahoo Finance for the full picture.

⛔Disclaimer - This analysis is for educational purposes and reflects personal opinion only, not financial advice. Always practice risk management and use stop losses (SL) according to your own risk tolerance.

Keep trading and stay profitable📊