$MARA has been in a very strict and aggressive correction since topping out a $19.
Not overly concerned that this is anything but an ABC correction although it certainly does not look pretty and holders may not be enjoying this....unfortunately ABC corrections can be like this, especially if you decided to hold throughout.
So important levels to watch here will be the 0.618 Fib at $9.50, next support level is at the 0.78 Fib at $6.72.
Peter Mocca
2023-09-11 22:20:48 +0000 UTCEric Gammarino
2023-09-11 16:53:47 +0000 UTC