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IvanLabrie
May 11, 2023 6:38 PM

$MSTR: Short to hedge crypto bags Short

MicroStrategy IncorporatedNASDAQ

Description

NASDAQ:MSTR has been a pretty good vehicle to short against Bitcoin holdings, a small position can act as a hedge for a larger Bitcoin allocation, which is convenient.

A new short setup is popping here, confirms on close today.

Should go down for 12 business days.

Best of luck!

Cheers,

Ivan Labrie.

Comment

Near target one, I suppose you could risk holding further, but keep an eye out for new daily highs in crypto over the weekend.

Trade closed manually



As I feared, crypto did regain strength over the weekend and equities are also looking better.

Rather exit this 'hedge'

Comment

3.2% move is not bad
Comments
TracksuitTrader
Very nice almost perfect timing. Wish I had noticed this post earlier :P
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