With BTC breaking above that 30k mark, crypto-related stocks are are seeing a nice surge in prices. The resurgence in crypto has been largely fueled by the banking crisis that left a sour taste in many investors mouths, as well as though who have a healthy distrust for what big banks do with your money. Thus, this has led to the reminder for many as to why crypto is a viable investment and alternative to holding cash in a bank.
Given this surge in the almighty Bitcoin, crypto stocks like MARA and RIOT also seen a rise in price, taking out key levels with more room to run.
On RIOT, the level to watch is $10 after the stock broke through this resistance level and now looks to head higher. This break does not in itself signal calls, but a retest and hold of this price might constitute a higher probability trade.
Coincidentally, the same is true with MARA and with the same level of $10. A break, retest, and hold of this level should give traders a clear trade to the upside.
Remember, risk management and patience is a trader’s best friend. In any trade you make, exercise these to keep your losses smaller than your wins. These are the keys for long-term success in options trading.
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