$META short-term bottoming and rebound; moving average support is effective.
$META - long
Trading plan:
Entry: 549.5 - 551.0
Stop loss (SL): 546.0
Target 1 (TP1): 565.5
Target 2 (TP2): 570.0
Target 3 (TP3): 580.0
Why go long?
After price received effective support near the prior low, it rebounded steadily. MA7 and MA25 converge around 550, forming a phased resonance support. As long as the lower defense level is not broken downward with increased volume, this stabilization structure is likely to, following momentum, test the MA99 resistance zone at 565.5, and potentially extend further upward. The risk-reward ratio for entering now is relatively reasonable.
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$META - long
Trading plan:
Entry: 549.5 - 551.0
Stop loss (SL): 546.0
Target 1 (TP1): 565.5
Target 2 (TP2): 570.0
Target 3 (TP3): 580.0
Why go long?
After price received effective support near the prior low, it rebounded steadily. MA7 and MA25 converge around 550, forming a phased resonance support. As long as the lower defense level is not broken downward with increased volume, this stabilization structure is likely to, following momentum, test the MA99 resistance zone at 565.5, and potentially extend further upward. The risk-reward ratio for entering now is relatively reasonable.
Click here to trade👇