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RIOT: Setting up nicely here getting that secondary squeeze through 7 last day or two and a little heavier now. Watching ideally for bitcoin to push through 20K and run into all the people who have been waiting since last run to see it, expecting a dip from there, and that would be the time to get short the name. Will see how it looks tomorrow using 7 o/u as a guide, still may be a good spot to get short here regardless.
IDEX: Absolute hot garbage being pumped to the gills. Have seen TikTok and Instagram influencers posting about it, hilarious. Was great if you got in there after open today, sick fades. Plenty of meat left, should become gravity’s friend back down to 2.50 where it belongs – ideally some covers/pop tomorrow first though – anything into 3.50-3.75 area has my attention for the re-short.
BYND: Think this is starting to get forgotten again a bit, so I’m interested. Kind of just went sideways today in a strong market, so thinking that may be an indication for a leg lower soon. 143s guide tomorrow on the short idea, any fails into that zone would be looking to short pops from there. Next bloody market day I think this takes a significant tumble with it.
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See you out there!
-D
Thanks Dante!
Thanks so much!