👉  March 3, 2025 👈

Weekly Wiretap Pick Of The Week RIOT

 Trade didn’t work out -100%

(can’t win them all!)

My Trade Plan Details:

  • RIOT March 14th $10 calls around $.65-.75 cents

  • Stop: RIOT closes below $8.50

  • Target 1: $12s
  • Target 2: $14s

My Reasoning:

RIOT was trading as high as $14s and $15s just a few weeks ago before tumbling to mid $8s as Bitcoin traded from $110k to low $80ks last week. With the big over the weekend jump on Bitcoin my feeling is RIOT could start to stage a comeback early this week. 

First off, I think RIOT could rechallenge the $12s to $14s this week if we run strong. I’d like to see a dip back into the low to mid $10s before making an entry and use that $12s to $14 as my upside sell targets. If RIOT trades below the mid $9s then I think this play will be over for me.