MSTR Bull DivergenceMSTR has seen a fast and sharp correction after rallying nearly 70% into some key levels of resistance , and currently pulling back into the longer term downtrend VWAP, as an attempt to flip the current downtrend.
This zone around $360 is very crucial for me personally, as we are attempting to hold the previous pivot high, and setting a firm low for continuation of the uptrend.
On the hourly timeframe we are finally starting to see some potential absorption here as price continues to make new lows, however the overall strength on the RSI is unable to continue making progress lower.
This is suggesting that the selling pressure may be running low, and MSTR can be due for a bounce.
I have laddered into this current position , and would de-leverage my risk if we start to break the lows as that could be quite a bearish sign, in the meantime, I would like to see some relief after such a harsh downtrend.
