$CleanSpark, Inc.(CLSK)$ $MARA Holdings(MARA)$ β‘ππ CLSK & MARA: Smart Money Pullback or Bull Trap? Read This Before You Fade ππβ‘
This wasnβt just any red day, it was a deliberate retest, and the tape is screaming for attention!
Both $CLSK and $MARA backtested their 20 and 50-day SMAs on 05 May 2025, precisely where disciplined traders expect real trend confirmation. These werenβt failed breakouts, they were textbook shakeouts designed to clear weak hands before earnings season hits full stride.
$CLSK is set to report earnings on 08 May 2025 after market close, with its webcast scheduled for 4.30 PM ET
CleanSpark kissed the 20 and 50SMA cluster at $8.01 and held the Point of Control like a champ. Volume-weighted support defended with precision, and we saw a tail wick bounce, a strong signal of buyer absorption. RSI on the weekly is near 44 and climbing, while MACD has just flipped positive for the first time in weeks.
Short interest remains extreme with 90M shares shorted out of 280M total float, borrowed from long holders. Just 1.7M shares are left available to short. Itβs a crowded trade.
π Institutional ownership is surging π
April 2025: 169.3M shares
May 2025: 191.7M shares
Thatβs a 13.2 percent month-on-month increase. BlackRock, Vanguard, Morgan Stanley and Susquehanna are adding, not trimming. These institutions arenβt chasing pennies, theyβre building conviction.
The recent pullback closed the $8.22 gap and landed directly on support. This type of reset before earnings, combined with aggressive fund accumulation, is often the calm before a major breakout
$MARA also reports earnings on 08 May 2025 after market close, with its webcast set for 5.00 PM ET
MARA pulled into the $13.05 range, aligning with the 20 and 50SMA cluster and just above key support at $12.40. While the price dipped -8.18 percent, this was a clean technical retrace. Weekly RSI is at 41.98 and MACD bars are shrinking, indicating this is a cooling of momentum, not a bearish breakdown.
Resistance remains firm at $14.015, which coincides with the highest volume profile zone and liquidity pivot. A break above this level could trigger rapid upside, while failure to hold $12.40 would invite range-trading behaviour or lower lows.
Price action suggests algorithmic pullback into demand, not distribution. The fact that both tickers respected their SMA zones, paired with bullish underpinnings in volume and institutional support, strengthens the bull case
Hey Tiger Traders, are you riding the coil into earnings, or fading into overhead resistance and missing the real move?
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerStars @TigerPicks @Daily_Discussion @TigerWire
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?