Riot Platforms, Inc.
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Short MARA. Way overcooked

308
When you compare MARA and FTFT to bitcoin, FTFT has stayed in-line with bitcoin while MARA has had a meteoric rise. I believe it has gotten out way past its skis.

For MARA, a company tied heavily to Bitcoin has outperformed it by an astronomical amount. This is not sustainable. Expect a pullback to at least the $28 range, which was previous resistance.

The 50-day moving average is uncomfortably ahead of the 200-day moving average indicating the trade could be overheating.

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