MSTR Retracement Reaching a Potential Bottom

8 feb

MSTR is currently in a strong monthly trend since January of 2023. This past months selling has served as a potential retracement into a previous buyside imbalance. After price filled this void it began showing signatures of a market structure shift on the hourly time frame. Though I think it's still too early to claim bottom, price is surely leaving obvious hints before trending upward to December's High. Confirmation to me looks like price displacing the $528 level. From there I would position myself on the retracement of the impulse move taking out $528. Invalidation (stoploss would be $467)