$META : Bulls Are in Control, But Is a Pullback Coming? 📊🔥
META has delivered a powerful move on the daily chart, rallying from the $600–$670 consolidation area to a recent high of $781.47.
Now price is trading around $754.40 after pulling back from the highs.
Here’s what I’m watching:
🟢 Bullish structure: Price is still trading well above the 20-day SMA at $677.02. The breakout from the $670–$700 zone has kept the broader daily trend positive.
🔴 Short-term caution: RSI is around 74, putting META in overbought territory. Price has also recently pushed above the upper Bollinger Band, suggesting momentum has become stretched.
📍 Key levels:
$781: Breakout resistance.
$800: Psychological upside target.
$740–$750: Immediate support zone.
$720–$730: Potential retracement zone.
$677: Important moving-average support reference.
My view? The overall trend is still bullish, but chasing after a sharp rally comes with increased risk.
A confirmed breakout above $781 could bring $800 into focus. On the other hand, losing near-term support could trigger a deeper cooldown.
I'm watching how price reacts around these levels before drawing any conclusions.
What's your take on META right now — continuation toward $800 or a healthy correction first? 👇
#META #MetaPlatforms #CryptoTrading #TechnicalAnalysis #CMC
META has delivered a powerful move on the daily chart, rallying from the $600–$670 consolidation area to a recent high of $781.47.
Now price is trading around $754.40 after pulling back from the highs.
Here’s what I’m watching:
🟢 Bullish structure: Price is still trading well above the 20-day SMA at $677.02. The breakout from the $670–$700 zone has kept the broader daily trend positive.
🔴 Short-term caution: RSI is around 74, putting META in overbought territory. Price has also recently pushed above the upper Bollinger Band, suggesting momentum has become stretched.
📍 Key levels:
$781: Breakout resistance.
$800: Psychological upside target.
$740–$750: Immediate support zone.
$720–$730: Potential retracement zone.
$677: Important moving-average support reference.
My view? The overall trend is still bullish, but chasing after a sharp rally comes with increased risk.
A confirmed breakout above $781 could bring $800 into focus. On the other hand, losing near-term support could trigger a deeper cooldown.
I'm watching how price reacts around these levels before drawing any conclusions.
What's your take on META right now — continuation toward $800 or a healthy correction first? 👇
#META #MetaPlatforms #CryptoTrading #TechnicalAnalysis #CMC
