GMEThis is something to watch here as we can see from my green reistance zone that we broke above so far, launching us to a monster reistance if 20$
This previous zone was from 17.95-18.40 area. We are currently attempting to flip it to support. On smaller tomframes we have caught a few reistance taps at 19.20 and the biggest reistance of 20$ which was support before the floor dropped out.
I have entered a postion at the red arrow at an averge of 18.44
I’m waiting to see if we can retest and continue to hold this previous zone as new support but hard to say for sure how we will react. This last test we launched off that 18.40 area so if we can test again and still hold this could be what we need to break through the 19.20 and ultimately 20$ level.
Keep in mind a drop to 17.95 area is still ok but could set us back into a previous reistance area.
Overall it’s still uncertain but hold low 18s could be a banger of a trade buy