MSTR has a lot going on. I think we're going to see the chart build structure in this low volume top and ultimately retrace to important levels made in the year 2000. Specifically, $177.
The $177 Price level has so many points of confluence it boggles the mind:
What do you think?
The $177 Price level has so many points of confluence it boggles the mind:
- $177 is the exact 61.8 retraca from the 2023 low of $13
- $177 is the very strong resistance we saw in the first half of 2024
- $177 is a key level from way back in the year 2000 (yes, MSTR was this high. In fact it hit a high of $336 way back then)
- $177 is also where the current lower trendline (log chart) and the 61.8 and the lower trendlien of the current wedge intersect.
What do you think?
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Here is a monthly chart showing key levels from year 2000 
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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.