Bitcoin Proxy Alert

After looking at today’s market action, we need to be careful.

The SPY and QQQ have both pulled back from their extended levels, which is actually healthy for the market. But with earnings season ramping up, we could see some choppy action from here.

However, I’ve spotted a potential setup that’s caught my eye… and it’s not your typical tech stock.

Click the image below to see exactly what I’m looking at and how I plan to trade it.

Blockchain Blastoff?

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YOUR ACTION PLAN

I’ve got my eye on Marathon Digital Holdings (MARA). And there are a number of reasons why. First, it has a beautiful 78-minute squeeze and flag pattern.

Marathon Digital Holdings, Inc. Chart(Click to enlarge)

In addition, my S.A.M. scanner rates its weekly squeeze as an A+.

MARA has earnings coming up on August 1st, which could post as a catalyst for a run to new highs.

I’m looking at 8/2 $25 calls with an entry around $24, stop under $22, and a target of $27+. This is a short-term trade, adjust your risk accordingly.

For more trades like these, click here to join my AI-trading sprint.


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TESTIMONIAL TUESDAY

“Just did – right before you BB – avg in 5.68 – STC 7.00 = 23.2%.(in less than 1 trading day) thanks BB.”
– BradT

“closed 5 at .73 earlier this morning. in at 1.31 for a 48% winner in 6 weeks. Good one Karim!!”
– jv


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