RIOT: coiling for something....

٢١ سبتمبر ٢٠٢٣

RIOT is hanging around .618 retrace area on volume support, hugging POC of the range between $3 and $22. This should be a strong support. A breakdown right now might be an early warning of a big problem. If price grinds lower, I should expect support between $9 and $7.5. But will watch for a strong bounce before going in again. Right now there are bullish divergences in RSI up to Daily time frame, so should expect some kind of a bounce very soon.This moves with BTC, so, a pump in BTC price would certainly inflate RIOT. Still long in RIOT but getting very close to getting stopped out...