$MSTR I bow in advance!! Yesterday it even topped 133; in one day it fell 6.5% to just 124. But in the contract, the 24-hour position is not only not reduced—it’s actually increased by 4%. And the active buy-side orders make up 56%—the harder it drops, the tougher the mouth of the one catching the knife.
First, look at the structure: 124.61 is being pressed down by the dual moving averages on the 15-minute chart. On the 4-hour chart, there are five bearish candles followed by one bullish candle. On the daily chart, a single big bearish candle pins the direction in place. Today’s low at 123.67 is the first checkpoint. Any bounce up to around the 20-line at 125.2 is basically free money.
What’s truly lethal is the direction of the money: zoom out to the 7-hour view. Positions were cut by 6.6%, and the whale’s position shrank by 13%.—The big players are distributing downward, while retail is catching the knife at the bottom. The more aggressively the catchers step in, the more calmly the exit happens.
This spot is the shorts’ home ground. Short around 125.2 on the bounce. First target is below 123.6. If it breaks, it heads toward 120, and the air force will have eaten the meat clean.
There’s only one way for it to reverse: price reclaims above the 20-line, and the 4-hour direction flips UP; or active buy orders continuously hold above 60% and stop making new lows—then turnover is done and it won’t fall anymore. At that point I’ll admit I’m wrong and leave. #mstr $MSTR
First, look at the structure: 124.61 is being pressed down by the dual moving averages on the 15-minute chart. On the 4-hour chart, there are five bearish candles followed by one bullish candle. On the daily chart, a single big bearish candle pins the direction in place. Today’s low at 123.67 is the first checkpoint. Any bounce up to around the 20-line at 125.2 is basically free money.
What’s truly lethal is the direction of the money: zoom out to the 7-hour view. Positions were cut by 6.6%, and the whale’s position shrank by 13%.—The big players are distributing downward, while retail is catching the knife at the bottom. The more aggressively the catchers step in, the more calmly the exit happens.
This spot is the shorts’ home ground. Short around 125.2 on the bounce. First target is below 123.6. If it breaks, it heads toward 120, and the air force will have eaten the meat clean.
There’s only one way for it to reverse: price reclaims above the 20-line, and the 4-hour direction flips UP; or active buy orders continuously hold above 60% and stop making new lows—then turnover is done and it won’t fall anymore. At that point I’ll admit I’m wrong and leave. #mstr $MSTR
