I've been sitting on the sidelines, thought $40 was a good buy point and got back in some. Went down to $34, looks like that zone bottoms at $33. If it breaks below that level who knows where the bottom is, $27, $21 then $14 worst case scenario. We do have to consider market conditions on this selloff, its a bloodbath out there right now. I'm long RIOT from here, I think its oversold at this level.
Note
Finished the day back up to $40 - so 2 things today. The $34/33 zone is finding buyers so it looks like we have an actual support area now. It went back up above $40 and closed back at it. For now thats a good balance. I'm bullish at this number still
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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.