5x Crypto Miner ASX Trade Idea

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Regaining the 200D MA after a slow bleed may signal the over-extended first wave has been flushed out. DYODD.

I have a position @~.81 which may show that I have been following this for some time.

This could be a 5x, but will monitor the connection and correction at the top of the monthly channel for weakness/follow through.

Just an idea, not advice, crypto can be volatile to both sides.

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ملاحظة

Wish this was my entry, I guess I would not have called it were I not already bag holding, either way, I'm in the green overnight, hope someone nailed this!

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ملاحظة

1-2-3 touch upper rail. Miner strength vs BTCUSD...

I think this could be translating to a 'miner leading the metal' scenario, similar to that in the gold markets.