MSTX can quadruple your gains.... or losses Micro-strategy has been on an absolute tear in the last few weeks, rallying several hundreds of percent.
Luckily for those with a large risk appetite , we have an ETF available to us which provides 2x the volatility of MSTR.
This can be a very dangerous play if you do not understand how to manage your risk, so I would advise extreme caution here.
With that being said, it seems like we may be seeing an MSTR pullback here into what may be a potential double bottom zone. If I continue to look for higher price on the stock, as well as Bitcoin, I would like mstx to hold up at the critical zone marked on the chart for continuation of this uptrend. Otherwise, losing this level would be quite bearish for me.
I have a few major indicators which I would like to reference.
1. Previous range value areas, notably the value area high respected before we saw the massive pump and dump.
2. Gap up zone and previous value area low should hold up if we expect continuation to the upside.
3. Trend based fib extension providing me with a potential zone for the corrective move and where it may end in confluence with the POC and VAL.
Lets see how this one plays out.
