$MARA Failed to confirm a double bottom reversal/ Fridays session closed with a bearish engulfing candle/RSI Breaking below 34day Support/ MACD bearish cross/ Supply was too heavy above $25/ Also the weakness in Bitcoin and The market in general are not helping.. I will be looking for a short position with intentions to take profits at the bottom of this 4HR range.. I can see longs entering with strength forcing shorts to cover, although ultimately I do believe we see a test of $20.00.. Failure to see longs stepping in can test yearly demand near $18.
MARA
MARA