On a monthly basis, it’s in a retest position of the red diagonal resistance it previously broke. It’s sitting at the deepest part of the correction a normal stock could make. Some stocks couldn’t even pull back to the EMA8, but RIOT is currently at the EMA21, meaning it’s weak. if it breaks the support, it will look for deeper lows
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$RIOT
On a monthly basis, it’s in a retest position of the red diagonal resistance it previously broke. It’s sitting at the deepest part of the correction a normal stock could make. Some stocks couldn’t even pull back to the EMA8, but RIOT is currently at the EMA21, meaning it’s weak.
if it breaks the support, it will look for deeper lows