MicroStrategyShort
$MSTR short the bounce
With bitcoin looking to bounce and MSTR trading below its base value in bitcoin I believe it will have a bounce but likely find resistance in the low to mid 300s at the resistance trend line of the downtrend that is forming. Since MSTR is leveraged up on bitcoin I would expect to see them drop a lot more then Bitcoin. If bitcoin eventually goes low enough its possible for MSTR to go bankrupt so I believe they are a good way to get exposure to shorting the crypto space.
MSTR trading below its base value in bitcoin I believe it will have a bounce but likely find resistance in the low to mid 300s at the resistance trend line of the downtrend that is forming. Since MSTR is leveraged up on bitcoin I would expect to see them drop a lot more then Bitcoin. If bitcoin eventually goes low enough its possible for MSTR to go bankrupt so I believe they are a good way to get exposure to shorting the crypto space.
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