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Crypto Continues To Surge, Here Are 2 Stocks To Watch

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With BTC breaking above that 30k mark, crypto-related stocks are are seeing a nice surge in prices. The resurgence in crypto has been largely fueled by the banking crisis that left a sour taste in many investors mouths, as well as though who have a healthy distrust for what big banks do with your money. Thus, this has led to the reminder for many as to why crypto is a viable investment and alternative to holding cash in a bank.

Given this surge in the almighty Bitcoin, crypto stocks like MARA and RIOT also seen a rise in price, taking out key levels with more room to run.

On RIOT, the level to watch is $10 after the stock broke through this resistance level and now looks to head higher. This break does not in itself signal calls, but a retest and hold of this price might constitute a higher probability trade.

Coincidentally, the same is true with MARA and with the same level of $10. A break, retest, and hold of this level should give traders a clear trade to the upside.

Remember, risk management and patience is a trader’s best friend. In any trade you make, exercise these to keep your losses smaller than your wins. These are the keys for long-term success in options trading.

 

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Good Luck With Your Trading!

Christian Tharp, CMT

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Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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