META is approaching a significant technical region.
The trendline currently in focus originated on 31 October 2022, and it has remained relevant over time.
This same trendline was retested twice in April of this year, and price action is once again moving toward it after achieving a new all-time high.
At the moment, the asset is sitting at the Fibonacci 61.8% retracement level — a well-known zone where reversals often occur. Based on this structure, the asset may begin its upward move from the current region, or it may decline by an additional $10–$20 to retest the ascending trendline.
I have taken my initial positions in META during this pullback and may increase my exposure if price reaches the trendline.
Overall, my outlook remains bullish.
Trade responsibly.
Entry: RR is 1:3
Confidence: High
The trendline currently in focus originated on 31 October 2022, and it has remained relevant over time.
This same trendline was retested twice in April of this year, and price action is once again moving toward it after achieving a new all-time high.
At the moment, the asset is sitting at the Fibonacci 61.8% retracement level — a well-known zone where reversals often occur. Based on this structure, the asset may begin its upward move from the current region, or it may decline by an additional $10–$20 to retest the ascending trendline.
I have taken my initial positions in META during this pullback and may increase my exposure if price reaches the trendline.
Overall, my outlook remains bullish.
Trade responsibly.
Entry: RR is 1:3
Confidence: High
Trade attivo
I think META has been discounted for investors.The trendline is also a critical zone for consideration
Nota
The positive move saw green light this week.Enteries are in green
This is going to be a long ride. Let's do this
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.