MSTR is finally beginning to fall now, about 45% off the ATH from only one month ago. We had a good example of what buyer exhaustion looks like with the dramatic reversal and volume spike at ATH. It has been rolling over ever since but finally broke $371 and accelerated. Now I'm watching the gap fill just below $280 for a target.
Next would be all the way back to previous ATH at $200, which is still a 30% drop away from here so not saying it hits immediately. That would put it back to the start of the cup and handle breakout as well so that area has the most interest for me in the longer term.
Next would be all the way back to previous ATH at $200, which is still a 30% drop away from here so not saying it hits immediately. That would put it back to the start of the cup and handle breakout as well so that area has the most interest for me in the longer term.
Trade active
First target hit and now broken by a significant margin. It does not take long, one thing people don't seem to understand is how quickly these ill-gotten gains will be erased on scams like this. Stair step up, elevator down. $200 is next which is where I'd expect some relief but it likely won't last long. Then we'll be looking at $150 and lower until it retraces the whole move back to 2024 lows. It's a hard avoid.
You reap what you sow.
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VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.