Soluna Holdings: Buy As The Bulls Capitulate

SLNH looks like seller exhaustion occurred last week.The earnings report wasn't pretty, but one-time factors influenced the miss.The stock is extremely cheap for long-term holders and believers in the model.Bitcoin-related stocks have been on a wild ride in recent months. The coin itself remains fairly weak, as rally attempts are having varying amounts of success, and the miners are following suit. Some are seeing bigger rips than others, whether based on short interest, technicals, or fundamental factors. However, one Bitcoin-related stock hasn't participated, and that's Soluna Holdings (SLNH).I've profiled Soluna before and at the time, I said I liked Soluna more than the other Bitcoin-related stocks I looked at. That was back in February, and let's just say a lot has changed in the interim. Bitcoin went into full meltdown mode since then, and Soluna has been obliterated. It's worth taking a look, then, to see if the thesis for Soluna has fallen apart, or if this beat down is a chance to buy it cheaply.Let's start with the chart.StockChartsThere's no way to sugarcoat this, so I won't; Soluna has been destroyed. Before we look at this chart, I'll note that when I post a chart to my subscribers, I always note levels to place a stop loss as a way to limit risk. What you don't want is to buy something and then ride it down 60% or 70%, which is what Soluna has done since early this year. We must always manage risk, and doing so c...