This looks like the most interesting long setup in crypto mining should the opportunity present itself.
In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short.
If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which will bring us into the sub $1000 support zone.
If we get down there, I think that'll create a great buying opportunity and price should surge higher into the $3000+ resistance level.
So if you buy the bottom and sell towards the top, there's 3x gains to be had.
I'll likely play this in both spot and options as there will be great money to be made if you can time this well.
Good luck.
In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short.
If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which will bring us into the sub $1000 support zone.
If we get down there, I think that'll create a great buying opportunity and price should surge higher into the $3000+ resistance level.
So if you buy the bottom and sell towards the top, there's 3x gains to be had.
I'll likely play this in both spot and options as there will be great money to be made if you can time this well.
Good luck.
Comment:
Looking like we're not going to get up to the mid-range. Might just head straight down.
Comment:
Welp, looks like a negative reaction to earnings. Let's see if we get to the target.
Comment:
First target hit