$RBLX Bearish trade

RBLX is looking at a average Analyst price target of roughly $114.80, with a possible fall of 10% if we are looking at the analyst rating as a reference. tipranks.com/stocks/rblx/forecast

There is a new channel forming which price can bounce around in if we cant break the resistance level that has been touched multiple times (see blue circles on purple resistance line).

There are a number of macro events at play this week, as well as multiple competitors entering the metaverse space.