Honestly, I don’t fully understand today’s chart for MicroStrategy. $MSTR is trading at 109.80, down 3.89% on the day. It hit a high of 114.71 in the past 24 hours and is now hovering near the low of 108.42.
In plain English: this is the price of the MicroStrategy USDT perpetual swap on OKX. The company holds a large amount of Bitcoin, so its share price is basically a shadow of BTC. BTC itself is down 3.65% today, so it’s no surprise that MicroStrategy is falling too. What’s odd is that it’s down a little more than BTC, suggesting sellers are more eager than buyers.
I’m inclined to sit tight and watch for now, since 108.42 is right there—if it breaks, that’ll be a new low. But if it gets back above 114.71, I’ll change my mind immediately; that would mean dip buyers are back.
For those holding MicroStrategy, be honest: are you more tempted to buy more right now, or to get out?
$MSTR
#美股 #MicroStrategy
In plain English: this is the price of the MicroStrategy USDT perpetual swap on OKX. The company holds a large amount of Bitcoin, so its share price is basically a shadow of BTC. BTC itself is down 3.65% today, so it’s no surprise that MicroStrategy is falling too. What’s odd is that it’s down a little more than BTC, suggesting sellers are more eager than buyers.
I’m inclined to sit tight and watch for now, since 108.42 is right there—if it breaks, that’ll be a new low. But if it gets back above 114.71, I’ll change my mind immediately; that would mean dip buyers are back.
For those holding MicroStrategy, be honest: are you more tempted to buy more right now, or to get out?
$MSTR
#美股 #MicroStrategy