$IREN Holds Key Support, $CIFR Eyes $16, $MRVL Still Waits for a Better Entry
Not every bullish chart deserves to be bought immediately.
Some stocks are holding key support, others are approaching attractive entry zones, while a few still need more time before the risk-reward makes sense.
Here's how I'm viewing $IREN, $CIFR, and $MRVL heading into August.
1. $IREN Ltd(IREN)$
$IREN short term structure still looks bullish.
Price held last week’s swing low and bounced.
Now we see if that level can hold into August.
While this short term structure holds, I expect a break to the highs.
If we sweep that low, I expect price to redistribute toward $20.
2. $Cipher Mining Inc.(CIFR)$
$CIFR still holding bullish structure.
I would be a buyer around $16 if we get the pullback.
3. $Marvell Technology(MRVL)$
$MRVL still looks like redistribution.
We can get short term bounces, but I would rather see price pull back into a clear discount before looking long.
Patience is part of the game. You will miss some moves.
Better to wait for your level than chase every setup you see.
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