Short term long position on MARA.
MARA showcases a compelling setup as a tail forms at a critical support level on the daily chart, signalling heightened buyer interest. This potential catalyst, coupled with increased volume, may fuel a short-term uptrend, targeting a minimum retracement level of 23% and an extension up to 38%.
Nota
I've executed a partial close of my position upon reaching the 23% Fibonacci level. I plan to maintain the remaining portion and will closely observe price action.Nota
Closed remaining position.
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