let's have a look at RIOT on 1h time frame. The price is at the upsloping resistance of the channel. This short position on RIOT is based on a bearish divergence with the RSI. Enter short at the resistance now. Take profit/ target: at the horizontal support (orange line), stop loss: 10,75.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.