$MARA BIG SHORT — the spike just blew off, now fading fast.
One vertical candle ripped it from the 6.40s to 7.26, but sellers stepped in at the high and price is already slipping back. Momentum is overstretched this far above the moving averages.
$MARA — SHORT Setup
Entry: 7.15 – 7.20
SL: 7.28
TP1: 7.05
TP2: 6.80
TP3: 6.60
Must use stop loss. Invalid if a 15m candle closes above 7.28.
Is about to give back the whole spike, or does it push for a new high?
Not financial advice. DYOR.
$MARA #Altcoins #CryptoTrading
One vertical candle ripped it from the 6.40s to 7.26, but sellers stepped in at the high and price is already slipping back. Momentum is overstretched this far above the moving averages.
$MARA — SHORT Setup
Entry: 7.15 – 7.20
SL: 7.28
TP1: 7.05
TP2: 6.80
TP3: 6.60
Must use stop loss. Invalid if a 15m candle closes above 7.28.
Is about to give back the whole spike, or does it push for a new high?
Not financial advice. DYOR.
$MARA #Altcoins #CryptoTrading
