Marathon effort required to invalidate the bearish threatMarathon Digital Holdings - Short Term - We look to Sell at 15.05 (stop at 19.95)
An overnight negative theme in Equities has led to a lower open this morning. We have a Gap open at 15.05 from 18/08/2022 to 19/08/2022. Broken out of the channel formation to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15.05, resulting in improved risk/reward.
Our profit targets will be 5.10 and 4.50
Resistance: 15.05 / 18.88 / 19.43
Support: 10.08 / 8.04 / 5.20
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