Short

MSTR: preparing for a swing-short

Updated

Until price is bellow 430, i am assuming the line of least resistance is to the downside with an ideal targets in: 277-231 area.

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Finals thoughts / Next week's game plan on :
if price moves above 416, next resistance target 439-450 and 478. There, if unfolds, I am preparing to layer into the swing short. Currently position long for this potential bounce in the beginning of the next week.

Otherwise, if price is not able to move above 416 and break-down from here, I'll be looking to move in size with a short straight away (with thighs risk)

Note

Price is almost reached the lower border of the resistance zone mentioned and turned down sharply with two days of selling.

Any potential bounce to 403-420 area might present another opportunity to add to short/re-short.

artemfedorov

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