Meta Platforms (META): Testing Momentum—Breakout or Reversal?
🔥 LucanInvestor’s Commands:
🩸 Resistance: $613.00. A breakout targets $625 and $640, signaling strong bullish continuation.
🩸 Support: $590.00. A breakdown exposes $575 and $560, indicating further correction potential.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $613.00, aiming for $625 and $640. Strong buying volume is key for sustaining the rally.
🩸 Short: Below $590.00, targeting $575 and $560. A loss of support could lead to accelerated selling.
🩸 Meta has held steady above its 200 EMA, maintaining a bullish structure despite early signs of weakening momentum on the MACD. A breakout above $613 could reignite the uptrend, while a break below $590 may trigger profit-taking. Year-to-date performance of +70.73% underscores Meta’s strength, but this level is critical for the next move.
👑 "Adapt, act, and thrive. The market rewards precision and courage." — LucanInvestor
🩸 Resistance: $613.00. A breakout targets $625 and $640, signaling strong bullish continuation.
🩸 Support: $590.00. A breakdown exposes $575 and $560, indicating further correction potential.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $613.00, aiming for $625 and $640. Strong buying volume is key for sustaining the rally.
🩸 Short: Below $590.00, targeting $575 and $560. A loss of support could lead to accelerated selling.
🩸 Meta has held steady above its 200 EMA, maintaining a bullish structure despite early signs of weakening momentum on the MACD. A breakout above $613 could reignite the uptrend, while a break below $590 may trigger profit-taking. Year-to-date performance of +70.73% underscores Meta’s strength, but this level is critical for the next move.
👑 "Adapt, act, and thrive. The market rewards precision and courage." — LucanInvestor
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