# MSTR Notes from Recent High Frame Price Action 6/16-6/17Strategy Inc Class ANASDAQ:MSTREthicalxTrader# MSTR Notes from Recent High Frame Price Action 6/16-6/17 ### Key Observations • MSTR continues to trade within a broader multi-month downtrend, but price has now returned to a major support cluster between $120-$126 that has repeatedly attracted buyers throughout 2025. • The recent selloff pushed directly into the intersection of: * Long-term descending trendline support * Historical support at $126.00 * Nearby support levels at $120.00 and $112.93 • Despite the weak short-term structure, sellers have so far failed to produce a decisive breakdown below the spring lows. • Weekly timeframe remains bullish relative to the broader trend, while shorter timeframes remain under pressure. --- ### Technical Breakdown #### Support Levels * $126.00 ← current support zone * $120.00 * $112.93 * $104.00 #### Resistance Levels * $145.17 * $160.00 * $167.69 * $178.24 * $200.00 --- ### Trend Analysis • Daily price remains below both the 50-day and 200-day moving averages. • The 50-day average has rolled over and is acting as dynamic resistance. • The longer-term descending trendline from the 2024 highs remains intact. • Current price action is attempting to stabilize directly on support, creating a potential decision point for the next several weeks. --- ### Pattern Structure • MSTR is effectively sitting on the lower boundary of a large descending channel. • This creates a high-risk/high-reward area where either: * buyers defend support and generate a relief rally, or * sellers finally break the channel and trigger a new leg lower. • A reclaim of $145-$160 would be the first sign that buyers are regaining control. • Failure to hold $120 would likely expose: * $112.93 * $104.00 with little support in between. --- ### Trading Plan #### Bullish Scenario * Hold above $120-$126 support zone. * Reclaim $145.17. * Target: * $160.00 * $167.69 * $178.24 * $200.00 A move back above $160 would likely force shorts to cover and could accelerate upside momentum. #### Bearish Scenario * Lose $120 support on volume. * Target: * $112.93 * $104.00 A breakdown below $104 would confirm a continuation of the larger downtrend and likely shift momentum heavily in favor of sellers. --- ### Conclusion MSTR is approaching one of the most important levels on the entire chart. The $120-$126 area has repeatedly acted as support and now aligns with the lower boundary of the long-term descending structure. Bulls need to defend this zone and reclaim $145 to begin rebuilding a constructive trend. Until that happens, rallies remain vulnerable to selling pressure and the chart remains in a broader corrective phase.