$MARA - Week of 2/12/24

11 Şub

MARA mid-term bullish, dependent on BTC action and overall market conditions

• Looking for a hold over 22.50, ideally a retest of 23-22.50 zone for entry
  
• Targeting the 26.60 - 26.80 range, with a reach of the 31-33 zone.
  
• TP1 @ 24.36
  
• TP2 @ 25.20
  
• TP3 @ 26.60
  
• TP4 runners @ 31
  
• Would be interested in the 3/1 25c. Expecting some chop and an inside day, and would also prefer to buy some extra time for the reach potential
  
• Stock is above all EMAs, and EMAs are in a bullish trend (9,20,50,100,200 from top to bottom)
  
• RSI showing strength
  
• Strong bounce with volume off the weekly TL
  
• BTC over 48k with strength during writing