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guiser
Nov 11, 2021 11:25 PM

$RIOT breaking key resistance level. Road to ATH?  Long

Riot Platforms, Inc.NASDAQ

Description

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.

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...
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tosborn123
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