MARA - Coiling for a bigger move
Updated
- Reclaimed 200 EMA and backtest yesterday
- Flag on the daily with improvement in the volume could push this to 14.
- Real test would be around 18 for supply of previous high, break above to test trendline resistance at 30.
- Patience will be tested until breaks out of the turbulent zone until 18.
- small positional long from 9.30
Trade active
Showed weakness first time in many days. Had worked almost perfectly. Now needs to cool down and form another flag. Sold partial today. holding 1/3 position now.Trade active
Extended now. Watch for the overhead resistance around 32 now. I get a feeling of When crypto pulls back, money might move into other beaten down stocks that are setting up nicely. This is not done by any means.
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