Bulls and bears are already going at it over this position. Meta $META is quoted at 630.98 (the price of the corresponding USDT perpetual contract on OKX), down 2.9% in a day and just a step away from its 24-hour low of 623.80.
Honestly, this kind of decline is the most frustrating: it’s not a crash, but it keeps edging lower day after day. The 24-hour high of 652.52 is still hanging overhead, while now it’s hovering near the low. Holders want to get out but are afraid of selling at the bottom; they want to buy more but are worried there’ll be another leg down.
If I had to choose, I’d lean more toward sitting on the sidelines. But if 623.80 doesn’t hold, there won’t be much support below. If it gets back above 652.52, I’ll reassess.
Do you think tonight’s action in U.S. stocks will spill over into crypto?
#META #U.S.Stocks
Honestly, this kind of decline is the most frustrating: it’s not a crash, but it keeps edging lower day after day. The 24-hour high of 652.52 is still hanging overhead, while now it’s hovering near the low. Holders want to get out but are afraid of selling at the bottom; they want to buy more but are worried there’ll be another leg down.
If I had to choose, I’d lean more toward sitting on the sidelines. But if 623.80 doesn’t hold, there won’t be much support below. If it gets back above 652.52, I’ll reassess.
Do you think tonight’s action in U.S. stocks will spill over into crypto?
#META #U.S.Stocks