Let's watch MSTR! High risk - high reward! 👀

MSTR just went down to close a gap, and now it looks like it wants to react. In fact, now is a good time for a bullish reversal, as we are near support levels.

The problem is the 20ma, but the 4h chart looks interesting:



We hit a support level, and now we have a hammer candlestick trying to reverse the trend. The RSI was overbought, but after today’s drop, it is back to normal.

I wouldn’t say it is a buy right now, but we must keep our eyes open. In the daily chart we are just above the 20ma:



If MSTR breaks the 560 again, it can go up for the 650 next. But if it loses the 513, then it’ll keep pushing down to the 420! . Let’s wait for a confirmation here on MSTR! Also, with the proper risk management, everything is possible ;)

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See you soon,
Melissa.