Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Scott Redler is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.
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T3 Live and T3 Trading Group Chief Strategist Scott Redler discussed MGM Resorts International (NYSE: MGM) on the show following its Q1 earnings release.
Redler felt that if the stock rose above $22.50 then it may start a new trend.
Redler said that he used to actively trade the stock but had been avoiding it as of late because of the stock’s problems, however, he also said that “one man’s trash could be another man’s treasure.”
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The stock was in a descending channel, according to Redler, and trader’s should watch how it reacts on Monday to see if it can sustain a move above the $22.50 level.
The stock did spike above that level at 11:20am ET, only to fall below Friday’s closing price.
Following its earnings release, MGM Resorts International traded at $21.19, down 0.98 percent.
Listen to the show here:
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.