$MSTR is up 75% since bouncing from the smart money zone. It’s up another 12% today, but the real test is still ahead. I’m still targeting $400 to $450 over the next 12 to 18 months. Short term, the weekly structure remains bearish. We are still making lower highs, and price is approaching a major institutional and smart-money sell zone between $160 and $175. I expect strong resistance there. For the internal structure to shift, MSTR needs to break through that zone and close above $200 over the next few months. From here, we could see another 15% to 20% of upside. But a rejection between $160 and $175 could form an inverse head-and-shoulders pattern before the next major move higher. Best case: price breaks straight through and accelerates toward $400 within 8 to 12 months. More likely: resistance causes a pullback, structure resets, and MSTR reaches $400 over the next 12 to 16 months. The long-term thesis remains bullish. The question is not if we reach the target. It’s how quickly price can shift the internal structure.