Reason behind being bullish on MARA for short term is because of BTC being bullish for short term that you can check here :-
https://www.tradingview.com/chart/BTCUSD/CJx2EYXK-Crucial-Levels-for-Bitcoin-and-a-good-opportunity-to-long-BTC/
PLEASE NOTE :- After that ABOVE Idea and Right now BTC is at 48.8k while posting this idea and BTC should stay Bullish in order for this IDEA for MARA to work.
Furthermore, why mara is looking Bullish ?
1) Mara is at strong support zone :-
2) Mara is making a falling wedge and bounced strongly from support zone :-
3) Significant Bullish divergence on daily chart as you can see and thus we can expect a bounce from here :-
What targets you would say ?
Here is your answer for that :-
First target price is around 40 then 47, and then if BTC Stays bullish and MARA can get above 47 then only 53.
These are my MARA short term targets and i would try to update this idea as it progress.
WHOLE IDEA will be invalidated if BTC goes down under 47 or especially under 46.5k.
BTC SHOULD REMAIN BULLISH for MARA to Pump otherwise.
Therefore I will be putting my Stop Loss here just under 31.37 :-
If you guys appreciate this educational post then please do support it using Like button and Trade Safely.
https://www.tradingview.com/chart/BTCUSD/CJx2EYXK-Crucial-Levels-for-Bitcoin-and-a-good-opportunity-to-long-BTC/
PLEASE NOTE :- After that ABOVE Idea and Right now BTC is at 48.8k while posting this idea and BTC should stay Bullish in order for this IDEA for MARA to work.
Furthermore, why mara is looking Bullish ?
1) Mara is at strong support zone :-
2) Mara is making a falling wedge and bounced strongly from support zone :-
3) Significant Bullish divergence on daily chart as you can see and thus we can expect a bounce from here :-
What targets you would say ?
Here is your answer for that :-
First target price is around 40 then 47, and then if BTC Stays bullish and MARA can get above 47 then only 53.
These are my MARA short term targets and i would try to update this idea as it progress.
WHOLE IDEA will be invalidated if BTC goes down under 47 or especially under 46.5k.
BTC SHOULD REMAIN BULLISH for MARA to Pump otherwise.
Therefore I will be putting my Stop Loss here just under 31.37 :-
If you guys appreciate this educational post then please do support it using Like button and Trade Safely.
Dagangan aktif
Beautiful Breakout from falling wedge. Trade up 15% already.
Closing 20% position with profit.
For rest 80% putting New SL at $35.
Stress free trading... I hope you guys enjoyed this educational idea.
Nota
Closing 20% Position. Scaling out.Remaining of the trade open with SL at $35.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.