We expect that Strategy has established a major bottom and will begin moving into a new long-term bullish uptrend. With the current bullish momentum and short-term recovery in Bitcoin, Strategy has emerged from its corrective phase and initiated its first impulsive fractal with white wave 1.
However, in the short term, we expect a corrective phase to develop before the market expands into a sustainable long-term uptrend.
For this short-term correction, we have established a Fibonacci buying zone.
Long Entry Levels
- 50%: $125.66
- 61.8%: $115.30
- 78.6%: $100.55
From our point of view, this smaller buying zone represents an opportunity to establish long positions as close as possible to the potential bottom, at significantly discounted prices for this stock.
However, we still have an alternative scenario in which a major bottom has not yet been established. If Strategy breaks below its current low at $81.81, this alternative scenario will become active. We have also established a Fibonacci buying zone based on extended Fibonacci levels for this scenario.
Alternative Long Entry Levels
- 123.6%: $61.05
- 138.2%: $48.05
- 161.8%: $27.05
If anything happens with this stock, we will update you immediately.
Kind regards,
Monalytics
DISCLAIMER: The content on this website, including charts, analyses, and recommendations, is for informational purposes only and does not constitute financial, investment, or professional advice. Trading and investing involve risk. You should consult a qualified financial advisor before making any investment decisions.
