Technical Analysis & Price Action:
* Current Trend: MSTR has shown a sharp breakout above the downtrend channel, signaling bullish momentum. The price is approaching key resistance at $419.
* Support Levels: Immediate support lies at $410. Below that, $400 serves as a psychological and technical level. Stronger support is seen near $393.
* Resistance Levels: Key resistance stands at $419. A breakout above this level could target $430-$440 in the near term.
Liquidity Zones & Order Blocks:
* Liquidity Zone: Between $393-$400, where buyers have consistently stepped in to support the price.
* Order Block: Around $400-$410, reflecting potential institutional interest.
Scalping Gameplan:
1. Entry for Scalping:
* Long Entry: Above $419 on high volume, targeting $425-$430.
* Short Entry: Below $410, targeting $400 and $393.
2. Stop Loss: For longs, place stops at $410; for shorts, set stops above $415.
3. Exit Targets: For longs, partial profit at $425 and final exit near $430. For shorts, aim for $400 with reassessment at $393.
Swing Trade Strategy:
* Bullish Setup: Enter above $419 with a close above this level, targeting $430-$440. Set a stop-loss at $410.
* Bearish Setup: If the price breaks below $393, consider shorting with a target of $380-$370.
Suggestions & Projections:
* MSTR's breakout from the descending channel is a strong bullish signal. However, watch for volume confirmation at $419 for further upside.
* If the stock fails to hold $410, a pullback to $400-$393 is likely before the next leg up.
Thoughts:
* Scalpers should focus on the tight range between $410-$419 for quick moves.
* Swing traders might wait for a clear breakout above $419 or a retest of $400-$393 for cleaner setups.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
* Current Trend: MSTR has shown a sharp breakout above the downtrend channel, signaling bullish momentum. The price is approaching key resistance at $419.
* Support Levels: Immediate support lies at $410. Below that, $400 serves as a psychological and technical level. Stronger support is seen near $393.
* Resistance Levels: Key resistance stands at $419. A breakout above this level could target $430-$440 in the near term.
Liquidity Zones & Order Blocks:
* Liquidity Zone: Between $393-$400, where buyers have consistently stepped in to support the price.
* Order Block: Around $400-$410, reflecting potential institutional interest.
Scalping Gameplan:
1. Entry for Scalping:
* Long Entry: Above $419 on high volume, targeting $425-$430.
* Short Entry: Below $410, targeting $400 and $393.
2. Stop Loss: For longs, place stops at $410; for shorts, set stops above $415.
3. Exit Targets: For longs, partial profit at $425 and final exit near $430. For shorts, aim for $400 with reassessment at $393.
Swing Trade Strategy:
* Bullish Setup: Enter above $419 with a close above this level, targeting $430-$440. Set a stop-loss at $410.
* Bearish Setup: If the price breaks below $393, consider shorting with a target of $380-$370.
Suggestions & Projections:
* MSTR's breakout from the descending channel is a strong bullish signal. However, watch for volume confirmation at $419 for further upside.
* If the stock fails to hold $410, a pullback to $400-$393 is likely before the next leg up.
Thoughts:
* Scalpers should focus on the tight range between $410-$419 for quick moves.
* Swing traders might wait for a clear breakout above $419 or a retest of $400-$393 for cleaner setups.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
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.
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.