The movement of the paper is exactly the same as Bitcoin. In connection with the ongoing correction of this cryptocurrency, a BTBT correction is seen up to the price of 7.50, just as Bitcoin is seen to be corrected to 37500 levels, from where the security should supposedly exit the downtrend wedge-like formation and move up to $10 (+ 34% from the 7.50 entry point), and if bitcoin overcomes the resistance of 55,000, then we should see the achievement of the second target of 14.34 (+ 90% from the entry point 7.50). In order not to miss the movement, you can gain the position in parts on the correction, with the obligatory setting of the stop of the end of the day at the level of $6.24. You can also enter with options - given the high IV > 133% on the options board, it seems impractical to buy calls, you can sell monthly puts with strikes of $9, 8, 7, readily accept securities in the medium term, or set credit spreads on puts with normalized risk equal to your stop order.
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Position is opened