META Bullish Momentum – Targeting $639!🚀 META Bullish Momentum – Targeting $639! 🚀
📊 Trade Setup:
Take Profit 1: $610.00
Take Profit 2: $639.00 (previous high)
Stop Loss: $578.92 (below demand zone and channel support)
📈 Analysis:
META has been trading in a strong uptrend channel for the past 3 months, consistently forming higher highs and higher lows. With a positive opening on the first trading day of 2025 , the stock has already seen a +2% increase , reflecting s trong bullish sentiment.
The price is now approaching key resistance levels at $610 and the previous high at $639. A breakout above these levels could drive prices even higher, confirming the continuation of the uptrend.
🎯 Targets:
$610.00: Short-term resistance
$639.00: Previous high and key breakout zone
🔹 Risk Management:
Stop loss placed at $578.92 , just below the demand zone and channel support, ensuring controlled risk if the trend reverses.
⚡ What do you think about META’s bullish momentum? Will it break above $639? Drop your thoughts below! ⚡
