Long MSTR 1200 - 1000 puts

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Buying a MSTR puts with 1 - 2 months on them with strikes scatted from 1200 - 1000.

We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.

Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.

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ملاحظة

Major decision area here.

Stops trailed on entries from high to even. Would want out if there was a low made in this area. If we can break the pending support zone we're in I think we'll see a quick move down to 1150.

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ملاحظة

As things stand this looks set to open quite close to the break target above.

Will be proactive trailing stops and locking in profits if we open 10% down as implied by the out of hours trading.

Will remain short - but will lock in profits with trailing stops. 25% drop in a day on puts isn't to be sniffed at.

But this might just be the break.

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ملاحظة

Retracement would end around here if we're in a strong bear trend.

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ملاحظة

Unspeakable things would happen to this MSTR chart if BTC made the breaks spoken of in this post:

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ملاحظة

COIN could make a similar move.

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ملاحظة

Shorting common in MSTR and replacing the puts I hit trailing stops on near the lows.

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تم فتح الصفقة

1090 next downside target if it works.

٢ مايو

ملاحظة

MSTR now 50% off the high.

And this is when BTC is only just making the first break of 60K.

Sheer chaos to come in this if the BTC break develops further.