The state of GME (and WSB)
Updated
Hello, GME seems to trade between a diagonal resistance zone and a horizontal support.
Once the support breaks thing propably will get very ugly.
I have to say its wierd that gme is still trading this high after so long, not a typical bubble chart. Gme ape´s are strong in this one, but are they strong enough?
Instead of building on a fundamental roadmap justifying current prices the ceo chose to go the shorttermed NFT hype road.
This is ridiculous management and once more confirms to me that GME prices and fundament are diverging growingly.
If there´s another resistance test its a good opportunity to short it to death.
Fundamental value should be arround 16 USD so be careful and only invest what you can afford to loose if you are long.
The whole GME hype was nothing more than a pump and dump basically by WSB and its propably a good choice to cut losses before we tank down for real.
Like so many stocks WSB picks. The earlier people realise this the better. WSB is a pump and dump Forum basically.
Im leaning towards a crash soon altho im surprised and confused that the price is still so high after all this time.
In 2022 we will propably see MEME stonks get back to "fundamental" value. Doesnt matter if its doge or gme or anything else.
DYOR and please leave a like.
Once the support breaks thing propably will get very ugly.
I have to say its wierd that gme is still trading this high after so long, not a typical bubble chart. Gme ape´s are strong in this one, but are they strong enough?
Instead of building on a fundamental roadmap justifying current prices the ceo chose to go the shorttermed NFT hype road.
This is ridiculous management and once more confirms to me that GME prices and fundament are diverging growingly.
If there´s another resistance test its a good opportunity to short it to death.
Fundamental value should be arround 16 USD so be careful and only invest what you can afford to loose if you are long.
The whole GME hype was nothing more than a pump and dump basically by WSB and its propably a good choice to cut losses before we tank down for real.
Like so many stocks WSB picks. The earlier people realise this the better. WSB is a pump and dump Forum basically.
Im leaning towards a crash soon altho im surprised and confused that the price is still so high after all this time.
In 2022 we will propably see MEME stonks get back to "fundamental" value. Doesnt matter if its doge or gme or anything else.
DYOR and please leave a like.
Note
There are 2 types of typical WSB people:- Grifter/Pump and Dumpers who know that one should sell at the next meme target (420 GME, 69 AMC) and move on to the next thing
and
- "useful idiots"/ unexperienced Traders who believe their false narratives
Its not some hedgefund or MSM or Ceo who´s selling shares who is fucking you guys over, its your own WSB people!
Start thinking sceptical!
Note
Supp zone broke and we had a retest, last chance to leave the ship before it goes down for real.Note
damn shorting dat red resistance would have been played out nice, sadly didnt take a short :D
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