$MSTR update — we're boxed in.
New ceiling locked at $165 for both 10/09 and 10/30. Floor holding at $155. Current price $156.50, sitting just below the $156.63 flip level for 10/09.
Here's the structure:
You're above the floor, but haven't confirmed the flip. That $156.63 level is your first test — reclaim it and hold, you've got room to run toward $165. Lose $155, and the entire range breaks down.
$155 is your line in the sand. It's not a suggestion — it's the invalidation. Below that, structure fails and you're looking for the next support zone lower.
Setup is clean: watch $156.63 for confirmation, defend $155 or exit. No middle ground here — either you're in the range or you're out of it.
That's how you read a boxed trade.
New ceiling locked at $165 for both 10/09 and 10/30. Floor holding at $155. Current price $156.50, sitting just below the $156.63 flip level for 10/09.
Here's the structure:
You're above the floor, but haven't confirmed the flip. That $156.63 level is your first test — reclaim it and hold, you've got room to run toward $165. Lose $155, and the entire range breaks down.
$155 is your line in the sand. It's not a suggestion — it's the invalidation. Below that, structure fails and you're looking for the next support zone lower.
Setup is clean: watch $156.63 for confirmation, defend $155 or exit. No middle ground here — either you're in the range or you're out of it.
That's how you read a boxed trade.
