Will MARA be a buy at $13-14?
I've been watching RIOT and MARA fall epically down the last month from their amazing highs.
We've had a small bounce on Friday after a series of lower lows, but with BTC continuing its descent to 48k, MARA will most likely continue to slide in May as well, unless something major changes.
I'm planning for a buy-in around $13-14, where there is some support.
Otherwise, shorter term, there may be a small rally this week as it's currently oversold, to the Fibonacci 50% level of $25.43
Ideally, one could buy MARA around $5, and hold til $15 or so. I'm not sure if that low is in the cards this year. Bitcoin would have to fall much further I would think. We shall see.
SPY has also been hitting some bear signals, and we've seen it fall in the last two weeks as well.
We've had a small bounce on Friday after a series of lower lows, but with BTC continuing its descent to 48k, MARA will most likely continue to slide in May as well, unless something major changes.
I'm planning for a buy-in around $13-14, where there is some support.
Otherwise, shorter term, there may be a small rally this week as it's currently oversold, to the Fibonacci 50% level of $25.43
Ideally, one could buy MARA around $5, and hold til $15 or so. I'm not sure if that low is in the cards this year. Bitcoin would have to fall much further I would think. We shall see.
SPY has also been hitting some bear signals, and we've seen it fall in the last two weeks as well.
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