Riot Platforms Presents A High-Reward Potential Trading Opportunity On Bitcoin Surge
Portfolio Pulse from Cory Mitchell
Riot Platforms (NASDAQ:RIOT), a Bitcoin mining company, presents a high-reward potential trading opportunity due to a false breakout to the downside and Bitcoin's recent surge. The stock is correlated to the price of Bitcoin, which broke above a resistance area on June 20.

June 21, 2023 | 3:07 pm
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Riot Platforms (NASDAQ:RIOT) presents a high-reward potential trading opportunity due to a false breakout to the downside and Bitcoin's recent surge.
Riot Platforms' stock is correlated to the price of Bitcoin, which recently surged and broke above a resistance area. The stock had a false breakout to the downside, creating a bullish scenario for a favorable reward-to-risk trade. This presents both short-term and longer-term trading opportunities, with potential gains based on Bitcoin's movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100