After hitting Profit Target 1 (PTG1), it’s time to make a decision about the remaining position.
The fact is, MSTR tested the 1/4 level for the second time and found solid support there. Now we’ve moved higher, back to the centerline.
For me, it’s clear: if we get an Open and Close — a full bar — above the CL, I’ll close the rest of my short position.
I still think MSTR is heavily manipulated. Besides the fact that this Bitcoin catalyst isn’t following BTC’s moves the way it should, it’s cheating investors for profits.
That said — if there’s weakness, I’ll continue building the position. If I had no position, this is the place where I would open it on a Short trigger.
If there’s strength, I’ll close it.