RIOT is a stock I unfortunately didn't post in time before breaking out but FWIW (not much) I have bought in the shakeout reversal zone.
Actually I didnt "buy" but I shorted 2023 LEAP puts to take advantage of high IV and potentially buy blow the low if put to me.
But for those that dont use Options it is bullish, it is effectively a buy.
Weekly RSI went oversold which historically has always triggered a bounce
RIOT/BTCUSD appears to be forming a new trend with high lows and highs and also RIOT has moved up fast compared to BTC here so I think there is a chance RIOT will make a new high, but I'll judge as it continues.
I'll be buying more or any pullbacks.
Apologies for not posting sooner, but well I'm doing this for free currently and its been hot and sunny ☀️.
Not advice.
Actually I didnt "buy" but I shorted 2023 LEAP puts to take advantage of high IV and potentially buy blow the low if put to me.
But for those that dont use Options it is bullish, it is effectively a buy.
Weekly RSI went oversold which historically has always triggered a bounce
RIOT/BTCUSD appears to be forming a new trend with high lows and highs and also RIOT has moved up fast compared to BTC here so I think there is a chance RIOT will make a new high, but I'll judge as it continues.
I'll be buying more or any pullbacks.
Apologies for not posting sooner, but well I'm doing this for free currently and its been hot and sunny ☀️.
Not advice.
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Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Get the "heads up" at critical moments - don't lose your shirt.
$50 per month 👍🏻.
Contact: t.me/dRends35
