Riot looking for another restest of 200SMA

30 Eki 2023

Riot has been gaining steam but remains at a steep discount on the Bitcoin ratio. I entered calls around 8$ on the bounce and have held strong for the hopeful rally this week. RSI is picking up steam and looks to be assisting with the upward pressure nicely. Teal or green resistance needs to be taken next, my price target is still 13.8$ for coming weeks.