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META/USDT â Short Setup
$META
Range-bound assets can still see sharp downside moves when short-term selling pressure takes control.
Bias: Short â moderate conviction
Entry Zone: 725.50785â726.13215
Take Profit 1: 719.39666
Take Profit 2: 715.11444
Take Profit 3: 708.69110
Stop Loss: 734.38445
Why the bearish lean?
On the 15m chart, trend strength is building with sellers in control: ADX is 27.2, while DIâ (39.6) is well above DI+ (13.6). Momentum also remains weak across higher intraday timeframes, with the 4h RSI at 43.9 and 1h RSI at 37.3âboth below 45.
Although the daily structure remains range-bound, the short idea is based on the current intraday imbalance rather than a confirmed daily downtrend. Price near 725.82, combined with weak 1h momentum, suggests sellers currently have the advantage#MetaverseInvesting #MetaOceanPark
META/USDT â Short Setup
$META
Range-bound assets can still see sharp downside moves when short-term selling pressure takes control.
Bias: Short â moderate conviction
Entry Zone: 725.50785â726.13215
Take Profit 1: 719.39666
Take Profit 2: 715.11444
Take Profit 3: 708.69110
Stop Loss: 734.38445
Why the bearish lean?
On the 15m chart, trend strength is building with sellers in control: ADX is 27.2, while DIâ (39.6) is well above DI+ (13.6). Momentum also remains weak across higher intraday timeframes, with the 4h RSI at 43.9 and 1h RSI at 37.3âboth below 45.
Although the daily structure remains range-bound, the short idea is based on the current intraday imbalance rather than a confirmed daily downtrend. Price near 725.82, combined with weak 1h momentum, suggests sellers currently have the advantage#MetaverseInvesting #MetaOceanPark