MSTR price is currently trading below the monthly resistance 1 at 277.92 level. The price will very likely cross this level on the next attempt. In case it does so, the next target would be the next monthly resistance around 486.
Trade closed: target reached:
This went exactly as per the expectation. The price broke first monthly resistance (Monthly Resistance 1) and rallied towards the second monthly resistance (Monthly Resistance 2) as marked on the chart. Now the price is facing resistance and experiencing pullback. This is a strong resistance zone and price is likely to retrace which is kind of worrying as that also kind of insinuates the direction of BTC. Because if BTC moves up, this stock is definitely going to move up and it is currently getting rejected from strong monthly resistance zone.
