Bears Salivating As Riot Blockchain Approaches Shorting Levels
The bitcoin craze is showing signs of quieting down (I hope). This instrument (Riot stock) is showing significant selling pressure. If I was trading it, I would consider shorting it on a break below the Red indicator line.
The custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter.
-Alex
The custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter.
-Alex
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Visit my financial blog & get alerts : masterchartstrading.com/blog
@mastercharts
Visit my financial blog & get alerts : masterchartstrading.com/blog
@mastercharts
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