$MRVL is exhibiting massive bullish momentum on the 4-hour chart, breaking out of a long-term accumulation phase below 220 with an impressive gain of over 47% in the last 24 hours. The volume backing this parabolic movement confirms strong buyer interest, pushing the price rapidly past previous resistance levels to sustain its position above the 320 mark. This strong breakout sets a highly bullish tone for the asset as it eyes new structural highs.
Entry: 315.00 - 320.00
Target 1: 340.00
Target 2: 360.00
Target 3: 380.00
Stop Loss: 285.00
Given the steep nature of this vertical rally, a minor pullback or consolidation to retest immediate support could offer a safer entry window for trend followers. If $MRVL maintains its structural stability above 310 over the upcoming candle closes, the upward expansion is heavily favored to continue toward the higher targets. However, proper risk management is essential as chasing parabolic green candles carries increased volatility.