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! 🤘🏻🤑
Not
Did you bank on this call? we killed it!! 🤑👌✌️🚀💪🏻İşlem kapandı: hedefe ulaştı
$100 reversal from the analysis i uploaded. i will call it a great target. feel free to keep holding with cautious 💪🏻✌️Not
WHooohooo! $400 higher than when i alerted about this!! enjoy
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.