$MSTR is boxed between $160 and $175 — trading at $163.66, right under the $163.83 flip level.

Here's the structure:

$175 is your ceiling — calls get capped here. That's where gamma resistance stacks up.

$163.83 is the flip — price just under it means we're still leaning bearish in structure. A clean reclaim above $163.83 shifts bias back bullish inside the range.

$160 is the floor — lose that and the box breaks down. That's your invalidation.

The trade is simple: as long as $MSTR holds $160, you're looking for a move back toward $175. But until price reclaims $163.83, you're fighting gamma pressure from above.

Watch the flip. That's your tell.