$MSTR Level check Monday
Daily range 265 - 283
End of month range 210 - 220
We've put another pre-market gapper into the books in today's opening session on US markets for Monday, opening -5% below friday's dismal close. WIthin the first 1h candle we've recovered most of the gap, and current 1h candle volume is higher than average, so demand is strong for the moment at these levels.
The most recent gap between 300 and 325 is sticking out like a sore thumb. It's a highly contested area since the start of the month, where trading ranged from Aug 1-10. Everyone who went long in that zone, and everything above it once the market managed to flip it into support are now completely trapped.
The gaps of mid to late July are calling from around 210 to 230, which lines up with the distribution fann I see in the chart, leading us down to exactly 210-230 range by the end of the month. This, unfortunately for the HODL'ers among us, is shaping up to be the most likely scenario....
Where are you at with
MSTR?
End of month range 210 - 220
We've put another pre-market gapper into the books in today's opening session on US markets for Monday, opening -5% below friday's dismal close. WIthin the first 1h candle we've recovered most of the gap, and current 1h candle volume is higher than average, so demand is strong for the moment at these levels.
The most recent gap between 300 and 325 is sticking out like a sore thumb. It's a highly contested area since the start of the month, where trading ranged from Aug 1-10. Everyone who went long in that zone, and everything above it once the market managed to flip it into support are now completely trapped.
The gaps of mid to late July are calling from around 210 to 230, which lines up with the distribution fann I see in the chart, leading us down to exactly 210-230 range by the end of the month. This, unfortunately for the HODL'ers among us, is shaping up to be the most likely scenario....
Where are you at with
MSTR?
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