The LAB strategy I shared earlier has already hit its profit target. High-reward opportunities often arise when everyone is hesitant, and $META is in that kind of situation now. Both the 4-hour and 1-hour charts are still below the moving averages, and each rebound is weaker than the last. Sellers are dictating the pace, so there’s no need for us to try to call the bottom. The daily chart looks range-bound, but the short-term structure has turned bearish. The lower end of the range has been tested repeatedly, and the likelihood of it holding is declining.
I’m waiting for a confirmation signal when price rebounds toward the resistance zone but volume fails to pick up. Then I’ll be in a better position to consider shorting. Of course, if the rebound is stronger than expected, we’ll need to reassess this view. Until a key level is broken, I’m inclined to look for a pullback from higher levels.
🔴 Trade direction: Short
📍 Entry range: 610.53589 – 611.20050
🛑 Stop loss: 617.08471
🎯 Take profit 1: 606.20581
🎯 Take profit 2: 603.09756
🎯 Take profit 3: 598.43517
There’s no need to chase the trend; the right opportunity will come to you.
Stand alongside Sister Li, and let every moment resonate.
#META
Click below to trade 👇
I’m waiting for a confirmation signal when price rebounds toward the resistance zone but volume fails to pick up. Then I’ll be in a better position to consider shorting. Of course, if the rebound is stronger than expected, we’ll need to reassess this view. Until a key level is broken, I’m inclined to look for a pullback from higher levels.
🔴 Trade direction: Short
📍 Entry range: 610.53589 – 611.20050
🛑 Stop loss: 617.08471
🎯 Take profit 1: 606.20581
🎯 Take profit 2: 603.09756
🎯 Take profit 3: 598.43517
There’s no need to chase the trend; the right opportunity will come to you.
Stand alongside Sister Li, and let every moment resonate.
#META
Click below to trade 👇