Ticker: GBTC
GBTC bounced off its SMA200. Based on the chart alone, it looks like traders respect its major support. This could spark another run up. I have traded GBTC but only small amounts due to the extreme volatility of this stock. One thing I learned from many years of trading is to play small to keep my capital safe.
I am a buyer at $10-$11 for a small swing trade. At the moment, I am just watching.
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