MSTR | Potential Reversal
We are currently observing interesting price action at the Purple Line - Strong Pivot level on MSTR. The price has been in a clear downtrend but recently found support at this key level. Here’s a breakdown of what’s happening:
✅ Key Support Level: The Purple Line - Strong Pivot level has provided support, preventing further decline for now.
⚠️ Price Action: After a strong bullish bounce, the price shows indecision with small-bodied candlesticks.
✅ Volume Analysis: There is an increasing relative volume average, indicating heightened interest and activity at the support level. The bounce was accompanied by a significant volume spike, suggesting strong buying interest.
➡️ Potential Trading Strategy:
Wait for Confirmation: Look for further bullish confirmation, such as a continuation of higher volume on bullish candlesticks or a break above recent highs.
Entry Point: Consider entering a long position if bullish confirmation is observed, with a stop loss placed just below the Purple Line - Strong Pivot level to manage risk.
Target: Potential upside targets include $1500 (Gray dashed line)
Caution: If the price fails to sustain above the Purple Line - Strong Pivot level and volume declines, the downtrend may resume. Monitor the price action and volume closely for further signals.
Stay tuned for more updates and happy trading! 🤘🏻🤑
✅ Key Support Level: The Purple Line - Strong Pivot level has provided support, preventing further decline for now.
⚠️ Price Action: After a strong bullish bounce, the price shows indecision with small-bodied candlesticks.
✅ Volume Analysis: There is an increasing relative volume average, indicating heightened interest and activity at the support level. The bounce was accompanied by a significant volume spike, suggesting strong buying interest.
➡️ Potential Trading Strategy:
Wait for Confirmation: Look for further bullish confirmation, such as a continuation of higher volume on bullish candlesticks or a break above recent highs.
Entry Point: Consider entering a long position if bullish confirmation is observed, with a stop loss placed just below the Purple Line - Strong Pivot level to manage risk.
Target: Potential upside targets include $1500 (Gray dashed line)
Caution: If the price fails to sustain above the Purple Line - Strong Pivot level and volume declines, the downtrend may resume. Monitor the price action and volume closely for further signals.
Stay tuned for more updates and happy trading! 🤘🏻🤑
Catatan
Did you bank on this call? we killed it!! 🤑👌✌️🚀💪🏻Trading ditutup: target tercapai
$100 reversal from the analysis i uploaded. i will call it a great target. feel free to keep holding with cautious 💪🏻✌️Catatan
WHooohooo! $400 higher than when i alerted about this!! enjoy
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.