RIOT Platforms Bullish Rally Hits All Targets! Trade Complete

18 oct

Technical Analysis: Riot Platforms – 15-Minute Timeframe (Long Trade)

Riot Platforms executed a strong bullish move, hitting all profit targets after a long entry at 8.04. The trade has now concluded successfully, with all targets achieved.

Key Levels

• Entry: 8.04 – The long trade was initiated after identifying bullish signals.
  
• Stop-Loss (SL): 7.83 – Positioned below key support to manage risk.
  
• Take Profit 1 (TP1): 8.30 – Hit early in the trade, confirming initial upward momentum.
  
• Take Profit 2 (TP2): 8.72 – Continued buying pressure drove the price to this level.
  
• Take Profit 3 (TP3): 9.14 – The strong uptrend pushed the price to this target.
  
• Take Profit 4 (TP4): 9.40 – The final target has been successfully reached, concluding the trade.
  

Trend Analysis
The price stayed well above the Risological Dotted trendline, confirming a sustained uptrend. Riot Platforms showed clear bullish momentum throughout the trade, hitting each profit target in sequence.

The long trade on Riot Platforms was highly successful, achieving all targets, with the final target of 9.40 marking the end of the trade. This showcases the effectiveness of identifying strong upward trends.