Chart Analysis 📈 

Our attention today is fixated on this spicy RBLX daily chart. At first glance, it's got more curves than a scenic highway, and I'm here to break it all down for you! 👀

1. Cup and Handle Alert 🍵: Clear as day, there's a potential cup and handle formation drawn out in pristine white. For the uninitiated, this is a bullish continuation pattern, and if this bad boy breaks out, we could be seeing Roblox flying high, possibly gunning to fill that gap at $37.08. 💸

2. Diving Deep into the Divergences 🔍: A while back, there was a bullish divergence on the RSI, right in the midst of our green-lit long-term demand zone. What did that signal? 🚀 Right! An upward trajectory for the price. But let's not get too ahead of ourselves. Lately, there's been a sneaky bearish divergence on the RSI. Combine that with struggles at the overhead supply zone (our ominous red box), and we've got a recipe for some potential turbulence.

3. Fibonacci Frenzy 🧮: Notice the yellow Fibonacci retracement levels? Well, with the recent pullbacks, our beloved Roblox is tangoing around these levels. It's a delicate dance, and the next steps could be telling.

Trade Ideas & Risk Management 🤔

For those looking to ride the Roblox wave 🏄, consider a long position on a confirmed breakout of the handle, targeting that juicy gap fill at $37.08.

However, I cannot stress this enough: always protect your capital! 🛡️ Be wary of:

• A potential bearish MACD crossover.

• Continued bearish divergence on the RSI.

Should these dark clouds gather, there's a chance Roblox could breach its Fibonacci supports and tumble back into the demand zone. So, set your stop-losses judiciously!

Closing Thoughts 🌅

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