MSTR (Microstrategy Inc.) offers an objective short entry here on this minor trendline break + wedge breakdown in Bitcoin following last week’s bearish engulfing candlestick and divergent high with recent volume patterns indicative of a potential buying climax. Stops commensurate with one’s preferred price target (T1 -T4 shown on the daily chart below).
MSTR daily Nov 25th
Also, keep in mind this trade is highly correlated with the current Bitcoin short trade so that should be factored in when determining one’s position size along with the fact MSTR is a very volatile stock with above average gain/loss potential (about 55% to T3, where I expect a tradeable bounce if/when hit & a 72% profit if T4 is hit).