Bullish Flag Breakout: RIOT just broke out of a textbook bullish flag pattern on the daily chart, signalling a continuation to the upside.
Strong Support at $12.50: It’s bounced off this level multiple times, showing buyers are stepping in aggressively.
RSI Momentum: RSI is climbing but hasn’t hit overbought yet, leaving plenty of room for upside.
Top 3 Fundamental Reasons RIOT Will Go Up:
Bitcoin Resurgence: BTC is back above $100,000, and RIOT’s revenue directly benefits from higher mining profitability.
Institutional Interest: Recent filings show increased holdings by major funds, signalling confidence in the sector.
Infrastructure Growth: RIOT’s expanded mining operations and improved energy efficiency position it to capitalize on the next BTC bull run.
Potential Paths to Profit:
Option 1 (Lowest Risk): Buy shares outright and hold until the $15.86 target.
Option 2 (Moderate Risk): Buy $15 calls expiring in May 2025.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.