$MSTR
Added 2024-12-30 13:54:03 +0000 UTCContinues to mimic $BTC and it too is holding below its 50 Day MA right now and just slightly below the 0.5 White Fib, I would not consider this a rejection but it is something that holders should be paying attention to.
I think $MSTR is very vulnerable if $BTC confirms its ABC correction next....it moves well when $BTC is in a bullish impulse move but amplifies to the downside when $BTC is bearish, which is one of the main reasons I despise this stock.
Leveraged positions should always have a disclaimer of caution.
The red fib levels come into play if there is a firm rejection at the 50 Day MA.
Comments
Looks like new FTX is cooking right in front of our eyes
Janko
2024-12-31 00:51:53 +0000 UTC
