Market Overview: Trend: Meta is in a strong uptrend, consistently forming higher highs and higher lows. Key Levels: Resistance: ~$740 - $750 Support: ~$725 - $734 (weak), ~$675 - $680 (stronger) Indicators: MACD: Slight bearish divergence forming, showing potential weakness. EMA: Price is above both 9 EMA & 200 EMA, confirming a bullish structure. RSI: Overbought zone, with multiple bearish divergence signals—potential correction ahead. 🔥 Scalping Strategy: 🩸 1. Range Scalping (Short-Term Play) Why? Price is testing resistance but remains within a strong bullish channel. How? Buy near $725 - $734, targeting $740 - $745. Sell near $740 - $750, as resistance is forming. Stop-loss below $720, as a deeper pullback could follow. 🩸 2. Breakout Scalping (If Volatility Kicks In) Trigger: A breakout above $750 or breakdown below $725. Execution: If META breaks $750, scalp long targeting $765 - $770. If META drops below $725, scalp short to $710 - $700. 🩸 3. EMA Scalping Why? META is trending above 9 EMA, meaning buying dips is still effective. Execution: Buy pullbacks to 9 EMA (~$730 - $735). Short only if META breaks below the 9 EMA & confirms rejection (~$725 - $720). 🔥 Mid-Term Trend Forecast (1-3 Weeks) Bias: Bullish → Neutral Why? Strong trend continuation, but RSI is showing overbought signals. Bearish divergence on RSI & MACD indicates a potential slowdown or correction. If META holds $725+, a push to $765 - $770 is likely. Failure to hold $725 could lead to a drop toward $700 - $675 before continuation. 🔥 News & Market Context: No bearish news, but META is heavily extended after a long rally. Big tech sentiment remains strong, but a pullback is possible before further upside. Earnings-driven momentum might slow down, leading to sideways action. 🔥 Decision: Enter or Stay Out? 🩸 Short-term: Scalping long on dips remains valid, but watch for signs of exhaustion. 🩸 Mid-term: Bullish unless META loses $725+ support. 🩸 Ideal Play: Buy dips, scalp resistance, and monitor volume strength.
👑 Final Verdict: META remains strong, but a correction could come before further highs. If it holds $725+, expect $765+ next. 🔥
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.