MARA Gap Fill Ive been building a position on this stock for several weeks, in anticipation that BTC will be the first to move on good news and catch up to equities as the crypto rally has been stagnant.
I was expecting this drop on MARA to come fill the gap created before we had a MASSIVE move of almost 100%.
This retracement will give us an idea whether or not MARA is drilling its floor and preparing for reversal, or further down side to come.
Furthermore, we do have a trend pattern, however to me it is not exactly clear whether it is a wedge or an up trend, as I would not want to short after such a retracement. To me, I am more concerned at zones of liquidity as we determine support and resistance.