RIOT Compression Breakout to $10

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TradingView Summary – RIOT Platforms, Inc. (Ticker: RIOT)
Current Price: $8.82 | Timeframes: 1H / 4H / 1D
Bias: Bullish toward $9.90–$10.12 zone

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Trade Thesis:

The “RIOT Compression Breakout to $10” setup is based on multi-timeframe alignment showing bullish structure, fair value gap fills, and a coiled price pattern just beneath key resistance. RIOT has reclaimed a critical level ($8.80), suggesting a setup for breakout toward stacked liquidity between $9.90 and $10.12.

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Technical Justification:

1H / 4H:
• Filled FVGs between $8.60–$9.11 suggest recent accumulation.
• Bullish Order Blocks provide layered support from recent demand.
• Compression below resistance ($9.11) indicates a pressure build toward breakout.
• Volume Clusters show declining sell-side volume as price holds above $8.80.

1D (Macro Context):
• Daily uptrend with higher lows and bullish candle structure.
• Reclaim of $8.80 confirms prior resistance flipped to support.
• Clear breakout targets at $9.90 (liquidity) and $10.12 (imbalance fill).

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Key Levels:

Type Price
Entry Support $8.80
Pivot Breakout $9.11
Target 1 $9.90
Target 2 $10.12
Invalidation < $8.50


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Trade Logic:

Hold above $8.80 confirms bullish bias. Break and close above $9.11 on volume opens the path toward $9.90–$10.12. Failure to hold above $8.50 invalidates the setup.

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Disclaimer: Not financial or legal advice. For educational purposes only. Conduct your own due diligence before investing.