RIOT Pullback
Updated
Looks like we've established to volume zones. I dont want to go as far as to say they are Support though. The green box is where we found buyers in the hard selloff today on unemployment news. What does unemployment have to do with crypto or a company with 7 employees? Well I'm sure you know the answer to that. It also looks like we've decoupled RIOTs price level from BTC because the crypto price is back up near all time highs and RIOT has sold off and is trailing now.
Personally I bought the dip and went net long. I pulled back the long positions to a lower price point and moved one out to next weeks expiry.
Personally I bought the dip and went net long. I pulled back the long positions to a lower price point and moved one out to next weeks expiry.
Note
sorry about the grammar error... Two volume zones, the line is the candle bounce that also corresponds with some overnight action and RTH from yesterday. Then RTH action of the 16th for the box. Not rock solid support zones but notable price action areas
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