Meta (META) Scalping Strategy
🔥 Market Overview:
Trend: Short-term recovery, but overall structure is fragile.
Key Levels:
Resistance: $677.00, $685.00
Support: $672.00, $665.00
Indicators:
EMA9 near EMA200 → Price is testing key levels.
MACD slightly negative → No strong momentum.
RSI at 53.50 → Neutral, no strong divergence.
Risk of Short Squeeze? Low—needs a breakout above $677.00.
Market Maker Activity: Some accumulation, but not a confirmed reversal.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (If Breakout Above $677.00)
Buy near: $677.10
Target: $685.00
Stop-loss: $675.00
Risk-to-Reward: 1:2
🩸 2. Range Scalping (If Price Holds $672 - $677)
Buy near: $672.00
Sell near: $677.00
Stop-loss: $670.50
Profit Potential: ~2.5%
🩸 3. Breakout Scalping (If Below $672.00)
Short below: $672.00
Target: $665.00
Stop-loss: $674.50
Risk-to-Reward: 1:3
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $677.00 holds, Meta could push towards $685.00 - $690.00.
If $672.00 fails, expect a drop to $665.00.
🔥 News & Market Context:
Judge ruled against Meta in an H1-B visa lawsuit → Minor bearish factor.
Stock up 2.46% today → Short-term bullish momentum.
Earnings in 56 days → No immediate catalyst for a big move.
👑 Trade Rating (1-10):
Range Scalping: 7/10 (Good but needs confirmation).
Momentum Long Above $677.00: 8/10 (Breakout setup).
Short Below $672.00: 9/10 (Best risk-reward setup).
🔥 Decision:
🩸 Short-term Play: Range scalping $672 - $677 until a breakout.
🩸 Mid-term Play: Break above $677.00 = long; below $672.00 = short.
🩸 Ideal Play: Watch for price reaction at $677.00 before committing.
👑 Final Verdict: Patience—wait for a confirmed direction.
🔥 LucanInvestor's Quote:
"Strategy beats emotion—execute with discipline."
Trend: Short-term recovery, but overall structure is fragile.
Key Levels:
Resistance: $677.00, $685.00
Support: $672.00, $665.00
Indicators:
EMA9 near EMA200 → Price is testing key levels.
MACD slightly negative → No strong momentum.
RSI at 53.50 → Neutral, no strong divergence.
Risk of Short Squeeze? Low—needs a breakout above $677.00.
Market Maker Activity: Some accumulation, but not a confirmed reversal.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (If Breakout Above $677.00)
Buy near: $677.10
Target: $685.00
Stop-loss: $675.00
Risk-to-Reward: 1:2
🩸 2. Range Scalping (If Price Holds $672 - $677)
Buy near: $672.00
Sell near: $677.00
Stop-loss: $670.50
Profit Potential: ~2.5%
🩸 3. Breakout Scalping (If Below $672.00)
Short below: $672.00
Target: $665.00
Stop-loss: $674.50
Risk-to-Reward: 1:3
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $677.00 holds, Meta could push towards $685.00 - $690.00.
If $672.00 fails, expect a drop to $665.00.
🔥 News & Market Context:
Judge ruled against Meta in an H1-B visa lawsuit → Minor bearish factor.
Stock up 2.46% today → Short-term bullish momentum.
Earnings in 56 days → No immediate catalyst for a big move.
👑 Trade Rating (1-10):
Range Scalping: 7/10 (Good but needs confirmation).
Momentum Long Above $677.00: 8/10 (Breakout setup).
Short Below $672.00: 9/10 (Best risk-reward setup).
🔥 Decision:
🩸 Short-term Play: Range scalping $672 - $677 until a breakout.
🩸 Mid-term Play: Break above $677.00 = long; below $672.00 = short.
🩸 Ideal Play: Watch for price reaction at $677.00 before committing.
👑 Final Verdict: Patience—wait for a confirmed direction.
🔥 LucanInvestor's Quote:
"Strategy beats emotion—execute with discipline."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.