Trade Idea | Long | MARA | Mara Holdings
Updated
MARA Holdings, Inc. is a company that engages in mining cryptocurrencies. They will release their recent earnings report on November 12 and in my opinion it is currently trading below market value.
As of this writing,
BTCUSD is now trading at 80K level posting another new high meaning, the value of this holdings of this company also increases. This recent bullish move made by Bitcoin is enough for me to go long in this stock.
Trade Idea:
Entry : $19 - 20.50
Stop: $18.00
Always manage your risk. Know when to get out before going in. My target exit depends on the volume price action heading to that $26 level resistance.
As of this writing,
BTCUSD is now trading at 80K level posting another new high meaning, the value of this holdings of this company also increases. This recent bullish move made by Bitcoin is enough for me to go long in this stock.Trade Idea:
Entry : $19 - 20.50
Stop: $18.00
Always manage your risk. Know when to get out before going in. My target exit depends on the volume price action heading to that $26 level resistance.
Trade active
MARA is now at $24.19 and let's see tomorrow for a possible continuation. Move your stop above your entry to protect the floating gain.Trade closed: stop reached
My stop to protect the gain got filled.Note
Re-entry at $27.25
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