High odds don’t mean it’s a sure thing, but the structure for $META is definitely leaning bearish. Both the 4-hour and 1-hour charts are below EMA50 and EMA200, with the moving averages weighing on price. RSI is only a little above 35, and sellers are clearly still in control.
Don’t rush to call a bounce a reversal. The moving averages overhead are resistance, so a rise in price could easily get pushed back down. We’re trading in the direction of the structure: testing a short with a light position, then waiting for confirmation at key levels before deciding what’s next. Don’t mistake a bounce for a trend change.
🔴 Trade direction: Short
📍 Entry range: 608.07439 – 608.54355
🛑 Stop loss: 614.62332
🎯 Take profit 1: 603.57321
🎯 Take profit 2: 600.41603
🎯 Take profit 3: 595.68028
No need to chase the winds of opportunity; they’ll settle where they may.
Stand alongside Sister Li, and let every moment leave an echo.
#META
Click below to trade 👇
Don’t rush to call a bounce a reversal. The moving averages overhead are resistance, so a rise in price could easily get pushed back down. We’re trading in the direction of the structure: testing a short with a light position, then waiting for confirmation at key levels before deciding what’s next. Don’t mistake a bounce for a trend change.
🔴 Trade direction: Short
📍 Entry range: 608.07439 – 608.54355
🛑 Stop loss: 614.62332
🎯 Take profit 1: 603.57321
🎯 Take profit 2: 600.41603
🎯 Take profit 3: 595.68028
No need to chase the winds of opportunity; they’ll settle where they may.
Stand alongside Sister Li, and let every moment leave an echo.
#META
Click below to trade 👇