$MARA has delivered on the technical setup we flagged earlier. When it hit falling wedge support on January 3rd, the reversal unfolded textbook-style—exactly what we were watching for.
What makes this move significant? The wedge breakout tells us the bears are losing steam. They've thrown their weight around, but the buying pressure at support held firm. Thursday's price action only reinforced this shift in momentum. The pattern broke clean, and that's when short-term control typically flips.
For traders tracking this, the real story here is psychological—sellers exhausted their arsenal, and now the setup favors whoever's holding long positions. That's how you spot these reversals before they become obvious.
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$MARA has delivered on the technical setup we flagged earlier. When it hit falling wedge support on January 3rd, the reversal unfolded textbook-style—exactly what we were watching for.
What makes this move significant? The wedge breakout tells us the bears are losing steam. They've thrown their weight around, but the buying pressure at support held firm. Thursday's price action only reinforced this shift in momentum. The pattern broke clean, and that's when short-term control typically flips.
For traders tracking this, the real story here is psychological—sellers exhausted their arsenal, and now the setup favors whoever's holding long positions. That's how you spot these reversals before they become obvious.