1.
$Strategy(MSTR)$ has dropped 57% from highs at 543 , Is it Time to buy? 🤔
On 11/22/24 we saw MSTR hit a high of 543. Fast forward to today we are down ~57% from the highs and back under 300. The risk to reward of owning MSTR is favorable with 40 pts to the downside and 270 pts to the upside. This is almost a 1:6 risk to reward ratio which makes this stock more attractive here.
From a technical standpoint we have been consolidating in a range the last 6 trading sessions while $BTC and $SPX have been making new lows. If MSTR can get thru 306 it can see some momentum back to the upside again.
In addition, President Trump is hosting a White House crypto summit this Friday which is likely the next catalyst for the cryptocurrency space. In attendance will be $MSTR CEO Michael Saylor.
Let’s see how MSTR reacts post crypto summit and if the bottom is truly in!
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$S&P 500(.SPX)$ extremely volatile day. SPX dropped 100 points in the last 30 min of the day. SPX needs to reclaim 5800 to set up for 5848.
SPX 5850C best above 5800, SPX 5750P can work under 5750
$Tesla Motors(TSLA)$ needs to move near 289 to set up for 300 now.
TSLA 300C best above 289
$Strategy(MSTR)$ above 281 will set up for 300+
MSTR 300C is best above 281 this week
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