Long Trade in RIOT
Crypto stocks are on the move, and Riot Blockchain (RIOT) is setting up for a potential breakout buy here. The stock carries a relative strength rating of 98/100, putting it in the top 2% of stocks based on performance.
Crypto and digital payment companies was the top-performing sector over the last 2 months and ranked 2nd over the last 3 months. In other words, there is tremendous group strength here.
What I want to see is a strong move through the $12 area on above-average volume. This would be my trigger to buy in anticipation of a quick rally higher.
Crypto and digital payment companies was the top-performing sector over the last 2 months and ranked 2nd over the last 3 months. In other words, there is tremendous group strength here.
What I want to see is a strong move through the $12 area on above-average volume. This would be my trigger to buy in anticipation of a quick rally higher.
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