Everyone wanted $Strategy(MSTR)$ at $450.
Down 75%, nobody wants it.
That’s usually where real bottoms form.
$MSTR has been crushed, but price is now compressing right under my Smart Money Zone.
Structure has marked long‑term bottoms about 65% of the time.
It now looks like we have both a long‑term and short‑term bottom in play.
Sentiment across crypto is awful.
That’s the job of a bottom.
Discounts show up when everyone hates it.
Premiums show up when retail is bragging about it.
Today’s tape: about $4M in calls traded, October 16 expiry, $130 strike.
By itself, that is not a reason for me to buy. But when unusual call flow lines up with smart‑money discount pricing, it usually precedes a meaningful short‑term move.
Inside my framework, I’m pricing in roughly a 50% move to the upside into late October / early November, with a decent chance of a rejection from that area on the first test.
If I were a long‑term investor in MSTR, this is a spot I’d be comfortable starting a position inside my rules. For a full move back to $450, I’d mentally budget up to 24 months.
On both timeframes it looks attractive.
The cost is patience.
Comments