It's time for MARA and other RISK on assets.

I think we are in the local bottom. there. i said it. Mara and other crypto related assets just had their 30-40% correction. It's time. this is it - or we're heading into the bear market. and i dont think it's the latter.

Here is my hot take. It's time to start stacking up on MARA

Short-Term View:
MARA appears to be forming a double bottom around the $16.00-$17.00 demand zone, which aligns with historical support levels and prior areas of accumulation. The stochastic oscillator suggests oversold conditions with potential bullish momentum. A break above the $20.00-$21.00 resistance would confirm a reversal pattern, with a short-term target of $24.00, a level of prior structural resistance.

Long-Term View:
The macroeconomic outlook in January 2025 favours risk-on assets as crypto seasonality typically strengthens post-holiday liquidity inflows. MARA, being highly correlated with Bitcoin mining and blockchain equities, could benefit from an expected uptick in crypto sentiment. A sustained break above $24.00 may push the stock towards the $28.00-$30.00 region, an area marked by a strong supply zone and previous rejection.

Macro Context:
While crypto-related equities may experience seasonal tailwinds, monitor broader market risk factors, including regulatory news and Bitcoin price movements. Downside risks remain significant if MARA fails to hold the $16.00-$17.00 demand zone, with potential retracement toward $14.00 in a bearish scenario. (again, i assign low probability to this scenario, given the cycle and economic condition/path to rate cuts)

Trade Plan:
• Entry: $18.00-$19.00 on bullish confirmation.
• Short-Term Target: $24.00.
• Long-Term Target: $28.00-$30.00. (if you want to trade over longer time horizon)
• Stop Loss: Below $16.00 to manage risk. (relatively low downside risk in my view)

Trade responsibly and align your positions with market volatility.

That's all folks.

Im off to get some $NYSE:VOTE in UnitedDogedom