Hello, GME is basically a Ponzi and i dont think they can come up with some bs synthetic hype that would push gme to new ATH´s.
Indeed i think GME currently sits right at the resistance and it is propably a good short entry here.
On its way down i expect GME will propably be target for new pump and dumps, so i would propably close short arround green curve.
Would only invest what iam willing to loose tho, shorting meme stocks is still risky/meme trading.
Personaly not trading it because i got no broker to short it, but propably still a good setup with low leverage/tight stoploss)
DYOR
This will propably trigger the GME holders lol...shitstorm incoming xD
Please leave a like =)
Indeed i think GME currently sits right at the resistance and it is propably a good short entry here.
On its way down i expect GME will propably be target for new pump and dumps, so i would propably close short arround green curve.
Would only invest what iam willing to loose tho, shorting meme stocks is still risky/meme trading.
Personaly not trading it because i got no broker to short it, but propably still a good setup with low leverage/tight stoploss)
DYOR
This will propably trigger the GME holders lol...shitstorm incoming xD
Please leave a like =)
Note
gme could fake out above resistance to trap WSB retards once again as i think they are aware of that resistance now and its kinda too obvious. this move would rekt shorts and longs and the markets like max pain.
Note
thats just a theory tho, dont recommend to long it.Note
Gamestop nuke soon?(theres also a chance for a fakeout of the red line before nuking down as alot of people have stop buys/sells at this trend line)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.