$MSTR – I’m not liking the weakness on the low-timeframes here.
Even though it looks like the price has formed a local bottom after testing the high-timeframe support range, which has been a major resistance zone throughout the 2024 accumulation phase, we still don’t have any clear signs of strength.
Because of this, I’m tracking the market structure very closely. If the price breaks below this range, I would fully hedge my spot holdings and go full short, since that would be a clear structural invalidation on the high-timeframes.
In that scenario, the odds of a durable reversal to the upside would drop significantly.
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$MSTR – I’m not liking the weakness on the low-timeframes here.
Even though it looks like the price has formed a local bottom after testing the high-timeframe support range, which has been a major resistance zone throughout the 2024 accumulation phase, we still don’t have any clear signs of strength.
Because of this, I’m tracking the market structure very closely. If the price breaks below this range, I would fully hedge my spot holdings and go full short, since that would be a clear structural invalidation on the high-timeframes.
In that scenario, the odds of a durable reversal to the upside would drop significantly.