Meta 2-21
🔥 Market Overview:
Trend: Bearish; recent breakdown from highs, testing support.
Key Levels:
Resistance: $703.50, $710.00.
Support: $692.00, $685.00.
Indicators:
MACD: Bearish momentum, indicating continued weakness.
RSI: 39.68, nearing oversold conditions.
Supertrend: Bearish, confirming downward pressure.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping
Buy near: $693.00, targeting $700.00 (+1.0%).
Sell near: $703.50, targeting $695.00 (-1.2%).
Stop-loss: Below $690.00.
🩸 2. EMA Pullback Scalping
Buy near: $692.00 (EMA 9), targeting $699.00 (+1.0%).
Sell near: $703.50, targeting $694.00 (-1.3%).
Stop-loss: Below $689.00.
🩸 3. Breakout Scalping
If $703.50 breaks, enter long toward $710.00 (+1.8%).
If $692.00 fails, short toward $685.00 (-1.2%).
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If price holds above $692.00, a bounce to $710.00+ is possible.
If it breaks below $685.00, expect further downside pressure.
The trend remains weak unless a strong rebound occurs.
🔥 News & Market Context:
Meta reduced stock-based compensation by 10%, signaling cost-cutting.
Investors remain cautious despite record stock highs.
Weakness across tech stocks adds pressure.
🔥 Decision:
🩸 Short-term: Scalping between $692–$703.50 is the best play.
🩸 Mid-term: Bearish until a reclaim of $703.50.
🩸 Ideal Play: Trade with tight stops as downward momentum persists.
👑 Final Verdict:
Catching falling knives requires skill—trade smart or bleed out.
🔥 LucanInvestor:
"Markets don’t care about emotions. Adapt or be eliminated."
Trend: Bearish; recent breakdown from highs, testing support.
Key Levels:
Resistance: $703.50, $710.00.
Support: $692.00, $685.00.
Indicators:
MACD: Bearish momentum, indicating continued weakness.
RSI: 39.68, nearing oversold conditions.
Supertrend: Bearish, confirming downward pressure.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping
Buy near: $693.00, targeting $700.00 (+1.0%).
Sell near: $703.50, targeting $695.00 (-1.2%).
Stop-loss: Below $690.00.
🩸 2. EMA Pullback Scalping
Buy near: $692.00 (EMA 9), targeting $699.00 (+1.0%).
Sell near: $703.50, targeting $694.00 (-1.3%).
Stop-loss: Below $689.00.
🩸 3. Breakout Scalping
If $703.50 breaks, enter long toward $710.00 (+1.8%).
If $692.00 fails, short toward $685.00 (-1.2%).
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If price holds above $692.00, a bounce to $710.00+ is possible.
If it breaks below $685.00, expect further downside pressure.
The trend remains weak unless a strong rebound occurs.
🔥 News & Market Context:
Meta reduced stock-based compensation by 10%, signaling cost-cutting.
Investors remain cautious despite record stock highs.
Weakness across tech stocks adds pressure.
🔥 Decision:
🩸 Short-term: Scalping between $692–$703.50 is the best play.
🩸 Mid-term: Bearish until a reclaim of $703.50.
🩸 Ideal Play: Trade with tight stops as downward momentum persists.
👑 Final Verdict:
Catching falling knives requires skill—trade smart or bleed out.
🔥 LucanInvestor:
"Markets don’t care about emotions. Adapt or be eliminated."
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.