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MARA has been relatively weak compared to bitcoin. Bitcoin sold off really hard on massive volume after making a double top on all time highs. MARA was still at the top of it's range when IBIT was down below VWAP.
So we have MARA is relatively weak overall but it still up after the bitcoin selloff. Great opportunity and very high conviction trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-03-05 10:05:22 | MARA | sell | $26.000 | short |
| 2024-03-05 10:07:53 | MARA | sell | $25.660 | short |
| 2024-03-05 11:11:18 | MARA | buy | $22.660 | short |
| 2024-03-05 11:23:20 | MARA | buy | $22.720 | 0 |
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