RIOT (Riot Platforms Inc.) offers an objective, albeit aggressive, long entry here at the 6.20ish support and/or a more conventional add-on or entry on a breakout above the bullish falling wedge pattern on the daily chart below.
RIOT daily April 21st
Stops should be commensurate with one’s average entry price and preferred price target(s) using a favorable R/R of 2:1 or better.
RIOT is scheduled to report earnings on or around May 1st, after-the-market close (AMC). Taking a position before earnings, especially on a company with a history of large earnings-induced gaps is always risky. That, coupled with the fact this stock is currently in a downtrend with no evidence of a reversal or bottom at this time makes this an aggressive trade idea.
As always, pass on trades that do not mesh with your risk tolerance, trading style, or outlook for that particular security. The position size on trade ideas with above-average gain/loss potential and volatility should be beta-adjusted down to adjust for the above-average gain loss position. A position size calculator can be quickly access from the calculator icon on the right side of the top menu bar on RSOTC.com.