MSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support
a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the
immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line
that has no slope. Support and resistance horizontal zones are drawn in for reference purposes.
I will close my short position of the past day and switch sides here. The RSI indicator gives
reassurance as it has pivoted up from the bottom, especially the faster green line. Selling
volatility declared the bottom in the immediate term at the same time the relative volume
indicator printed a selling volume spiking black bar both immediately before the regular
market closed.
a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the
immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line
that has no slope. Support and resistance horizontal zones are drawn in for reference purposes.
I will close my short position of the past day and switch sides here. The RSI indicator gives
reassurance as it has pivoted up from the bottom, especially the faster green line. Selling
volatility declared the bottom in the immediate term at the same time the relative volume
indicator printed a selling volume spiking black bar both immediately before the regular
market closed.
Trade active:
Three-minute zoomed chart showing the triple bottom in the after-hours demonstrative of the support zone underlying the bottoms.
Trade active:
Update fr th3 20% two day return from the idea- MFI and RSI are not topped
out and are abou t th 30 level so I think there is a bias for bullish continuation.
out and are abou t th 30 level so I think there is a bias for bullish continuation.
Comment:
MSTR continues to rise despite Bitcoin slowing down