GME Is Back Above $20 — But Can It Break the $22 Resistance?GameStop Corp. Class ABATS:GMEMbura80 GME has made a pretty strong recovery from the August lows. But now price is approaching the level that matters most on my chart. 📌 FOMC Context The FOMC is the catalyst I’m watching here. The interesting part is how the same macro event can affect TradFi and crypto differently. BTC gives me the broader risk-market context, while GME gives me a cleaner technical setup to work with. For GME, price is currently around $21.4, sitting just below a resistance zone that has already rejected price several times. 📊 My GME Setup On the 4H chart, I’m watching three areas: → $22.0–$22.3 — resistance → $20.0–$20.3 — first support → $17.5–$17.8 — major support The structure has improved considerably from the August sell-off. Price spent weeks building a base around $18 before starting the September recovery. It then pushed back above $20 and is now testing the upper part of the range. For me, this makes $22 the important decision area. I’m not interested in chasing price directly underneath resistance. If GME gets a clean 4H breakout above $22.3 and holds the area as support, that would give me the confirmation I want for a continuation setup. ⚠️ What Could Go Wrong? The breakout isn't guaranteed. If price keeps getting rejected around $22 and falls back below $20, the recent recovery could lose momentum. The bigger invalidation for the bullish structure would be a break back below the $17.5–$17.8 support zone. That would tell me the September recovery needs to be reassessed rather than chased. 🎯 What I’m Watching For me, the next move is less important than the reaction at the levels. Above $22.3 → breakout confirmation. Back below $20 → caution. Below $17.5–$17.8 → bullish setup invalidated. That’s the framework I’m taking into the FOMC event. No prediction on the first move. I’ll let GME show me which level it wants to respect.