Riot Platforms
RIOT
- Above 200 day SMA & sloping upwards
- Ascending parallel price channel .
- Break of OBV resistance levels have been positive
- We have just broken above the Feb 2021 OBV high
New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it.
As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners.
I previously covered CIPHER Mining
CIFR
and Marathon Digital Holdings
MARA
both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move).
You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder.
Play it safe
PUKA
RIOT
- Above 200 day SMA & sloping upwards
- Ascending parallel price channel .
- Break of OBV resistance levels have been positive
- We have just broken above the Feb 2021 OBV high
New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it.
As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners.
I previously covered CIPHER Mining
CIFR
and Marathon Digital Holdings
MARA
both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move). You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder.
Play it safe
PUKA
ความคิดเห็น:
Almost at the bottom of the channel
ความคิดเห็น:
200 Day SMA can provide a good trading opportunity.
You can enter after a bounce off it, and place your stop a $1 under or whatever risk tolerance you are ok with.
I personally like to watch for a bounce and confirmation with weekly close confirmed above 200day.
Regardless of all of the above after this correction an entry at or slightly above the 200 day is a lot less risky than were were just a few weeks ago.
PUKA
You can enter after a bounce off it, and place your stop a $1 under or whatever risk tolerance you are ok with.
I personally like to watch for a bounce and confirmation with weekly close confirmed above 200day.
Regardless of all of the above after this correction an entry at or slightly above the 200 day is a lot less risky than were were just a few weeks ago.
PUKA
