META: Bearish Momentum and Downside Risk
🔥 LucanInvstor's Strategy:
🩸 Short: Below $586.41, targeting $550 and $520. The MACD remains negative, and the price is below both the 9-day and 200-day EMAs, signaling continued bearish momentum.
🩸 Long: Above $632.94, targeting $650 and $670. The price is still above the 200-day EMA, suggesting long-term bullish potential, but resistance at $632.94 needs to be broken first.
🔥 LucanInvstor's Commands:
🩸 Resistance: $632.94 — A critical resistance level; breaking above this could trigger a return to bullish momentum.
🩸 Support: $586.41 — A key support level; a breakdown below this could lead to further declines.
Meta Platforms is facing bearish pressure, with the MACD confirming a downtrend. A breakdown below support could lead to further declines, while a breakout above resistance may signal a reversal of the current trend.
👑 "Clarity in strategy ensures success."
🩸 Short: Below $586.41, targeting $550 and $520. The MACD remains negative, and the price is below both the 9-day and 200-day EMAs, signaling continued bearish momentum.
🩸 Long: Above $632.94, targeting $650 and $670. The price is still above the 200-day EMA, suggesting long-term bullish potential, but resistance at $632.94 needs to be broken first.
🔥 LucanInvstor's Commands:
🩸 Resistance: $632.94 — A critical resistance level; breaking above this could trigger a return to bullish momentum.
🩸 Support: $586.41 — A key support level; a breakdown below this could lead to further declines.
Meta Platforms is facing bearish pressure, with the MACD confirming a downtrend. A breakdown below support could lead to further declines, while a breakout above resistance may signal a reversal of the current trend.
👑 "Clarity in strategy ensures success."
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