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Benson Sun: Multiple bottoming signals have been observed, and the market has fully digested the bearish expectation of MSTR being removed from the index
BlockBeats News, November 23rd, Crypto KOL and former FTX community partner Benson Sun stated on social media that his long quant position has been on hold since hitting a $90,000 stop loss, and has just been reactivated.
Multiple bottoming signals have been observed, and it is expected that a wide-ranging oscillation supply-demand balance zone will form here, providing ample room for a quantitative strategy to engage in swing trading. As for the MSTR removal from the index, he believes the market has fully digested this expectation now—this illogical plummet is no different from being removed from the index.
His long position, with an average cost of $81,500, is still held and will be maintained until overall liquidity exhaustion before exiting.
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