The window is narrowing, and the chart structure for $META has made the direction fairly clear. Both the daily and four-hour charts are holding above the moving averages, the bullish alignment remains intact, and pullback lows have stayed above the previous low. In this setup, I’m more inclined to look for opportunities in the direction of the trend rather than try to call a top against it. Momentum on the one-hour chart isn’t particularly strong, but buyers still have the initiative, and there are no signs of heavy volume at the highs without further price gains.
As long as the pullback holds above key support, the structure remains valid. I’m watching how well it is bought up after the pullback; I’ll look for continuation once that’s confirmed. If support breaks, the long-trade thesis is invalidated.
🟢 Trade direction: Long
📍 Entry range: 737.96754 – 738.55747
🛑 Stop loss: 728.40850
🎯 Take profit 1: 745.65301
🎯 Take profit 2: 750.58001
🎯 Take profit 3: 757.97052
Behold the vast mountains and seas; observe the market’s subtle shifts.
Walk alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#META
Tap below to trade 👇
As long as the pullback holds above key support, the structure remains valid. I’m watching how well it is bought up after the pullback; I’ll look for continuation once that’s confirmed. If support breaks, the long-trade thesis is invalidated.
🟢 Trade direction: Long
📍 Entry range: 737.96754 – 738.55747
🛑 Stop loss: 728.40850
🎯 Take profit 1: 745.65301
🎯 Take profit 2: 750.58001
🎯 Take profit 3: 757.97052
Behold the vast mountains and seas; observe the market’s subtle shifts.
Walk alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#META
Tap below to trade 👇