I believe if this week manages to close candle above 40$ level, it will go to ATH.
It has been consolidating for months on a wide range, so the breakout alongside $BTC could be huge and fast.
With earnings next week and BTC trying to break ATH level it seems a pretty interesting trade to hold on year's end bull run.
I will buy some shares on Friday depending on price action, and Monday will add some weekly 40$ calls if BTC shows strength during weekend.
NOT FINANCIAL ADVISE.
It has been consolidating for months on a wide range, so the breakout alongside $BTC could be huge and fast.
With earnings next week and BTC trying to break ATH level it seems a pretty interesting trade to hold on year's end bull run.
I will buy some shares on Friday depending on price action, and Monday will add some weekly 40$ calls if BTC shows strength during weekend.
NOT FINANCIAL ADVISE.
Trade closed manually:
Entered at 40$, but it did a false breakout and I closed position on 31.25$ (wide stop-loss cause high beta stock). Now, it found some support on 25$ level, but as it's highly correlated to BTC, we just need to see what crypto does...