WeAreDayTraders's avatar
Charts always embed all news in, if you look at chart, it has formed a #LOUDSPEAKER #trendline channel, which when opens it completes most of the time unless we break out of it, which on upper side is at 104 levels, but adding buffer of 3 points there so it sustains the break of channel.
sam stribling's avatar
@wearedaytraders got it. So if we don’t close above $104 look out below is what the chart is saying.
sam stribling's avatar
@wearedaytraders any catalyst for this prediction? Meta stuff is all the rage and it’s held up relatively well so far in the tech sell off. Why so bearish now? I have $RBLX in my portfolio so hoping to learn what you’re seeing. Is it just the technical picture?