MSTR (MicroStrategy Inc.) is trading within a well-defined descending channel that has persisted since July. The stock continues to make lower highs and lower lows, reflecting a strong bearish trend. It is currently testing the lower channel support around the $284–$285 area, a zone that has previously triggered short-term rebounds. If MSTR can hold this level and reclaim $300, a potential bounce toward the mid-channel region around $320–$340 could follow. However, a breakdown below $280 may signal further downside toward $265 or even $250. Overall, the stock is at a critical inflection point where traders are watching to see whether the support holds or the downtrend resumes.
Bullish Scenario (Countertrend play):
Entry near $285 with tight stop below $275 -Target $320–$340
Bearish Scenario (Trend continuation):
Wait for breakdown below $280.
Target $265 then $250 -Stop above $300
Bullish Scenario (Countertrend play):
Entry near $285 with tight stop below $275 -Target $320–$340
Bearish Scenario (Trend continuation):
Wait for breakdown below $280.
Target $265 then $250 -Stop above $300
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.