Bears Salivating As Riot Blockchain Approaches Shorting Levels

The bitcoin craze is showing signs of quieting down (I hope). This instrument (Riot stock) is showing significant selling pressure. If I was trading it, I would consider shorting it on a break below the Red indicator line.

The custom support resistance indicator lines show decent places to enter or exit.

The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.

If your instrument closes below the Red line, we think about Shorting.

For Stocks, I prefer to use the Yellow line as my Bearish Trend setter.

-Alex