$META - 🟢 LONG · Confirm 85%
Trading plan:
Entry: 578.09503 – 578.48497
SL: 572.67927
TP1: 582.49805
TP2: 585.30342
TP3: 589.51147
Why set it up this way?
The setup is LONG following the trend on the 4h timeframe, not a guess.
- Price is holding firmly above the 578.29 reference level, with the 1h RSI at a healthy 64.63—there is room to run further before hitting an overbought zone.
- The path with the least resistance is upward: TP1 at 582.50, TP2 at 585.30, and TP3 at 589.51.
- Why now? The D zone is within the range, but the 4h momentum is breaking upward. We buy strength, not catch a falling knife.
- The invalidation line is very clear at 571.22. If that level is lost, the LONG thesis will be considered failed.
- Since this is a trend trade, the risk is defined. Stop loss at 572.68 is tight enough to keep the risk/reward ratio favorable versus the first target.
Trading plan:
Entry: 578.09503 – 578.48497
SL: 572.67927
TP1: 582.49805
TP2: 585.30342
TP3: 589.51147
Why set it up this way?
The setup is LONG following the trend on the 4h timeframe, not a guess.
- Price is holding firmly above the 578.29 reference level, with the 1h RSI at a healthy 64.63—there is room to run further before hitting an overbought zone.
- The path with the least resistance is upward: TP1 at 582.50, TP2 at 585.30, and TP3 at 589.51.
- Why now? The D zone is within the range, but the 4h momentum is breaking upward. We buy strength, not catch a falling knife.
- The invalidation line is very clear at 571.22. If that level is lost, the LONG thesis will be considered failed.
- Since this is a trend trade, the risk is defined. Stop loss at 572.68 is tight enough to keep the risk/reward ratio favorable versus the first target.
