CleanSpark, Inc.

Potential Bottoming for $CLSK

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CLSK could be starting a bottoming process, but downside risks remain since the stock has clearly broken below its 40-week moving average.

It found buyers right at the 100% Fibonacci extension and the 0.618 Fibonacci retracement from its 2022 lows. I don't suggest buying it here because there will be opportunities to buy the stock once it proves itself first. This is merely a potential bottoming process I'm observing.

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