Chart of the day

MSTR is being rejected by the downside channel high of 1354. A break above 1354 is required for an extension higher and another retest of 1600. A rejection here and a break below 1200 will lead to a downside support test.

Look for the price action break below 1200 to enter a good risk to reward short trade with the stop loss above 1340. MSTR is greatly dependent on Bitcoin trading and I expect another leg down before anything else.

_{Look for the short trade entries with a stop loss above 1340 upon a break below 1230. Long trades you can take in the case of a confirmed price action break above 1350.}