📢 $GME / $USDT | 🔴 SHORT | ⭐ 73.1%
🎯 Target: $18.8429. Is it still falling?
🎯 Trading levels:
🟢 Entry: $19.16
🛑 Stop Loss: $19.3269
🏁 TP1: $18.8429
🏁 TP2: $18.6593
📉 Analysis:
The structure of $GME shows exhaustion after the failure of previous bullish patterns, with price giving way under sustained selling pressure that exceeds the average volume by 1.93 times. The ADX of 47.77 confirms a strong consolidated downtrend, while the bearish MACD crossover (momentum indicator that measures the relationship between moving averages) and an RSI of 40.74 (which measures the speed of movement) validate short-term weakness. Price is below the 20- and 50-period EMAs, reinforcing the bearish bias due to the proximity of the VAH at $19.31.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated with a close above the stop loss at $19.3269, a level that would cancel the current bearish pressure. We will watch for a break of support at $19.0 to look for an acceleration toward the POC at $18.4588.
Do you think the current selling volume will be enough to break through support at $19.0?
💡 This analysis is educational and is not financial advice. Do your own research and decide calmly.
#crypto #GME #trading #Futures #Bearish
🎯 Target: $18.8429. Is it still falling?
🎯 Trading levels:
🟢 Entry: $19.16
🛑 Stop Loss: $19.3269
🏁 TP1: $18.8429
🏁 TP2: $18.6593
📉 Analysis:
The structure of $GME shows exhaustion after the failure of previous bullish patterns, with price giving way under sustained selling pressure that exceeds the average volume by 1.93 times. The ADX of 47.77 confirms a strong consolidated downtrend, while the bearish MACD crossover (momentum indicator that measures the relationship between moving averages) and an RSI of 40.74 (which measures the speed of movement) validate short-term weakness. Price is below the 20- and 50-period EMAs, reinforcing the bearish bias due to the proximity of the VAH at $19.31.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated with a close above the stop loss at $19.3269, a level that would cancel the current bearish pressure. We will watch for a break of support at $19.0 to look for an acceleration toward the POC at $18.4588.
Do you think the current selling volume will be enough to break through support at $19.0?
💡 This analysis is educational and is not financial advice. Do your own research and decide calmly.
#crypto #GME #trading #Futures #Bearish
