Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈MSTR has been overall bullish trading within the rising channel marked in blue. (log chart)
Currently, it is in a correction phase within the falling red channel.
Moreover, the red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #MSTR approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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