$MicroStrategy(MSTR)$ $MicroStrategy(MSTR)$ $T-Rex 2X Long MSTR Daily Target ETF(MSTU)$ π€ππ MicroStrategy Ignites the Bullish Engines πππ€
Positions Opened in $MSTU MicroStrategy ($MSTR), a key driver of the crypto-focused ETF MSTU, is demonstrating a robust intermediate-term bullish structure. With its substantial Bitcoin holdings underpinning market sentiment, $MSTR is nearing a logical reversal zone that could act as the launchpad for its next significant rally.
π Key Technical Insights:
β’ Critical Line in Focus The price is approaching a pivotal inflection point. If this level holds, it sets the stage for a surge towards the $388 to $397 range, likely lifting MSTU along the way.
β’ Fibonacci projections identify $357.11 as the immediate 1.618 resistance, with further upside potential targeting $439.19, the 2.618 extension.
π Strategic Price Levels:
β’ π Resistance 1: $357.11 (Immediate Fibonacci Target)
β’ π Wave Objective: $388 to $397 (Short-Term Upside Potential)
β’ π Stretch Target: $439.19 (Long-Term Bullish Continuation)
π‘ Momentum and Market Catalysts:
β’ Accumulation Evidence Institutional buying is evident as volume consolidates near key levels, indicating smart money positioning for an upward breakout.
β’ MSTU Synergy As a significant component of MSTU, MicroStrategyβs trajectory directly influences ETF performance, amplifying the bullish momentum if $MSTR accelerates.
π₯ Why This Matters:
MicroStrategy remains a cornerstone in the digital asset ecosystem, leveraging its immense Bitcoin reserves to capitalise on market recovery trends. If $MSTR confirms its breakout, it could have cascading bullish implications for both the stock and MSTU, rewarding patient bulls.
π’ The charts paint a compelling picture of upside potential. This is an interesting line, and if current support levels persist, the stage is set for the next bullish wave.
π³πΏ 07Jan25 MSTU $9.99 Overnight Market
π³πΏ 07Jan25 MSTR $339.13 Overnight Market
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Happy trading ahead! Cheers, BC πππππ
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