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TradingView Summary – RIOT Platforms, Inc. (Ticker: RIOT)
Current Price: $8.82 | Timeframes: 1H / 4H / 1D
Bias: Bullish toward $9.90–$10.12 zone
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Trade Thesis:
The “RIOT Compression Breakout to $10” setup is based on multi-timeframe alignment showing bullish structure, fair value gap fills, and a coiled price pattern just beneath key resistance. RIOT has reclaimed a critical level ($8.80), suggesting a setup for breakout toward stacked liquidity between $9.90 and $10.12.
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Technical Justification:
1H / 4H:
• Filled FVGs between $8.60–$9.11 suggest recent accumulation.
• Bullish Order Blocks provide layered support from recent demand.
• Compression below resistance ($9.11) indicates a pressure build toward breakout.
• Volume Clusters show declining sell-side volume as price holds above $8.80.
1D (Macro Context):
• Daily uptrend with higher lows and bullish candle structure.
• Reclaim of $8.80 confirms prior resistance flipped to support.
• Clear breakout targets at $9.90 (liquidity) and $10.12 (imbalance fill).
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Key Levels:
Type Price
Entry Support $8.80
Pivot Breakout $9.11
Target 1 $9.90
Target 2 $10.12
Invalidation < $8.50
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Trade Logic:
Hold above $8.80 confirms bullish bias. Break and close above $9.11 on volume opens the path toward $9.90–$10.12. Failure to hold above $8.50 invalidates the setup.
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Disclaimer: Not financial or legal advice. For educational purposes only. Conduct your own due diligence before investing.
Disclaimer
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.
Disclaimer
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.