This isn’t a divergence; it’s incremental flow speaking. $META ’s four-hour price is below EMA50 and EMA200, with the moving averages in bearish alignment. The one-hour structure is weakening in tandem, and selling pressure continues. RSI is around 35, with no signs of momentum exhaustion; any bounce looks more like a recovery than a reversal.
The dense cluster of moving averages overhead acts as resistance. Selling pressure is likely to return when price retraces into that area, which is the main reason I’m bearish on this trade. Until the structure recovers, further downside is more likely. Keep your position size small.
🔴 Trade direction: Short
📍 Entry range: 607.96005 – 608.42911
🛑 Stop loss: 614.50774
🎯 Take profit 1: 603.45971
🎯 Take profit 2: 600.30313
🎯 Take profit 3: 595.56826
Behold the vastness of mountains and seas; discern the market’s subtleties.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#META
Click below to trade 👇
The dense cluster of moving averages overhead acts as resistance. Selling pressure is likely to return when price retraces into that area, which is the main reason I’m bearish on this trade. Until the structure recovers, further downside is more likely. Keep your position size small.
🔴 Trade direction: Short
📍 Entry range: 607.96005 – 608.42911
🛑 Stop loss: 614.50774
🎯 Take profit 1: 603.45971
🎯 Take profit 2: 600.30313
🎯 Take profit 3: 595.56826
Behold the vastness of mountains and seas; discern the market’s subtleties.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#META
Click below to trade 👇