On the weekly chart, it has broken below the previous horizontal support and is still continuing to decline. Next, focus on the 200-week moving average—this is the next potential line of defense.
To be honest, now is not the right time to enter the market. In this rapid decline, anyone who dares to chase is just inviting trouble. We need to wait until it finds support and stabilizes before taking a breather. Once a bottom signal is confirmed, then consider entering the market.
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ShitcoinArbitrageur
· 7h ago
Can the 200-week moving average hold? I think it's uncertain.
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MrDecoder
· 7h ago
Can the 200-week moving average level hold? To be honest, I’m not confident, but right now, it’s definitely not the time to go up and send money.
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MissedAirdropAgain
· 7h ago
Can the 200-week moving average barrier hold? Feels uncertain.
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PumpingCroissant
· 7h ago
Whether the 200-week moving average support line can hold is the key.
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RektRecovery
· 7h ago
200 week MA bout to get tested hard... watched this pattern play out too many times. always the same script, always the knife catchers bleeding out lol
MSTR Technical Analysis and Trend Observation
On the weekly chart, it has broken below the previous horizontal support and is still continuing to decline. Next, focus on the 200-week moving average—this is the next potential line of defense.
To be honest, now is not the right time to enter the market. In this rapid decline, anyone who dares to chase is just inviting trouble. We need to wait until it finds support and stabilizes before taking a breather. Once a bottom signal is confirmed, then consider entering the market.