Long

MSTR - The Saylor in the Storm!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈MSTR has been overall bullish trading within the rising channel marked in blue. (log chart)

Currently, it is in a correction phase within the falling red channel.

Moreover, the red zone is a strong demand.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower trendlines acting as non-horizontal support.

📚 As per my trading style:
As #MSTR approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

Trading Made Simple; and Rule-Based
RichTL.com

Instagram
instagram.com/richthesignalyst

Telegram
t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal

Get Funded up to $200,000 (Crypto)
cutt.ly/PropW

Also on:

TheSignalyst

Also on:

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.