MARA - Bounce Play ð
Indexes looking like they may bounce here and BTC printing a descending channel brings my attention to crypto stocks again.
MARA looks a good chance for a bounce.
Currently below the supply trendline could break through soon.
RSI showing bullish divergence.
A bounce to 0.618 is reasonably likely, maybe slightly further at a push and that would see it probe back above the 4H50MA.
So thats what i'll be aiming for - around $15, but if bearish candles turn up I may exit sooner.
This trade is only valid as long as indexes bounce here.
Not advice.
MARA looks a good chance for a bounce.
Currently below the supply trendline could break through soon.
RSI showing bullish divergence.
A bounce to 0.618 is reasonably likely, maybe slightly further at a push and that would see it probe back above the 4H50MA.
So thats what i'll be aiming for - around $15, but if bearish candles turn up I may exit sooner.
This trade is only valid as long as indexes bounce here.
Not advice.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
MARA opening bearish here and indexes opening with a big gap against trend so nothing doing here currently until that resolves. I am long ETH and UNI already.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Indexes pushing up from the gap, cryptos are pumping and MARA is across the supply line + bullish divergence.
I have bought back into MARA.
I have bought back into MARA.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Indexes have had huge whipsaw and downside today and MARA is flirting with failure through 50MA so this trade is no longer for me. I'm out.
Next video Saturday 22 Juneðž.
Hodlers assume an obvious next wave up but will there be a sting in the tailð.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month ððŧ.
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Hodlers assume an obvious next wave up but will there be a sting in the tailð.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month ððŧ.
Contact: t.me/dRends35
