Buying a MSTR puts with 1 - 2 months on them with strikes scatted from 1200 - 1000.
We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.
Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.
Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
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As things stand this looks set to open quite close to the break target above.
Will be proactive trailing stops and locking in profits if we open 10% down as implied by the out of hours trading.
Will remain short - but will lock in profits with trailing stops. 25% drop in a day on puts isn't to be sniffed at.
But this might just be the break.
Will be proactive trailing stops and locking in profits if we open 10% down as implied by the out of hours trading.
Will remain short - but will lock in profits with trailing stops. 25% drop in a day on puts isn't to be sniffed at.
But this might just be the break.
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Retracement would end around here if we're in a strong bear trend.
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Unspeakable things would happen to this MSTR chart if BTC made the breaks spoken of in this post:
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COIN could make a similar move.
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Trade active:
1090 next downside target if it works.
Stops trailed on entries from high to even. Would want out if there was a low made in this area. If we can break the pending support zone we're in I think we'll see a quick move down to 1150.