Apr. 25 at 7:36 PM
$RIOT sitting in a tricky spot on the weekly right now, with that Gann arc resistance right overhead. Not the kind of level that breaks easily. Trend is still there, but momentum feels like it’s slowing a bit.
Next week is where it likely decides — either it pushes through with strength and opens up a new leg higher, or it gets rejected and chops / pulls back to reset.
Not a spot I like chasing personally. I’d rather see confirmation or a cleaner pullback setup. Feels like a decision point more than anything.
What do you think — breakout or fakeout from here? 👀
👉If this helps, tap @backtesttrend
