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TrueTraderOfficial
Aug 29, 2021 3:40 PM

Sunday Prep 8/29 - $MARA Crypto-related equities Long

Marathon Digital Holdings, Inc.NASDAQ

Description

Remember how I ALWAYS remind you all that I don’t trade crypto, but I trade crypto-related equities? Yep. Here ya go. Action has looked really nice on this one as of late. Will be watching for early weakness to scoop. A 50% retrace of Friday’s move puts us right into the highs from Thursday around 38.5. There’s a chance any morning flush might not quite get there and instead may bounce off that annual pivot around 39. I very well may start there and be ready to add if it continues down towards my next area. Make sure you have the BTC chart up when you trade any of these names as they will be very correlated.



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