$MSTR is currently 163.25 on 163.25, up 1.92%, with trading volume of 33.3M. To be honest, there’s nothing much to be excited about at this level.
The essence of MicroStrategy is a leveraged Bitcoin proxy. If BTC doesn’t move, it can only grind here. 160.08 is the low point hammered out today; 163.34 is sitting above it. There’s only about a 5-dollar range in a day—if you’re swing trading, you can rest.
My view is a bit bearish. If you really want to play it: 160 is short-term support. If it breaks, look for around 155. Put your stop-loss at 159—don’t hold on. If you want to go long, you need to see it break above 165 on increased volume before talking about it; otherwise it’s just a fake breakout to lure people.
Tokenization in TradFi has moved $MSTR on-chain, with 7x24 trading. Sounds great. The problem is whether the BTC behind it needs to rest or not—extra liquidity only allows you to lose money even late at night.
In this market, patience is worth more than position size.
#MicroStrategy
The essence of MicroStrategy is a leveraged Bitcoin proxy. If BTC doesn’t move, it can only grind here. 160.08 is the low point hammered out today; 163.34 is sitting above it. There’s only about a 5-dollar range in a day—if you’re swing trading, you can rest.
My view is a bit bearish. If you really want to play it: 160 is short-term support. If it breaks, look for around 155. Put your stop-loss at 159—don’t hold on. If you want to go long, you need to see it break above 165 on increased volume before talking about it; otherwise it’s just a fake breakout to lure people.
Tokenization in TradFi has moved $MSTR on-chain, with 7x24 trading. Sounds great. The problem is whether the BTC behind it needs to rest or not—extra liquidity only allows you to lose money even late at night.
In this market, patience is worth more than position size.
#MicroStrategy
