$MSTR ANALYSIS (FWIW)
As everyone might know, Microstrategy is a beast of its own with $BTC as the primary driver.
But, for those looking for my outlook based on the chart, here you go:
• Sharp Rise and Pullback: MicroStrategy’s stock had a big spike, hitting around 500, but then dropped back sharply. This might mean the hype peaked, and people started taking profits.
• Weakened Momentum: After falling to the 300-350 range, the stock hasn’t rebounded strongly. This could mean buyers have cooled off.
• Support Zone: The 300-350 level might act as a safety net where buyers step in. If it holds, the price could stabilize or bounce back. If it falls below this, it might drop further.
• Lower Highs = Possible Downtrend: If each recovery attempt stays below the last peak, it could signal a downtrend or some sideways action for now.
There you go.
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Holding a Call and CSP as I think we’re bouncing a bit tomorrow.