META - 4h time frame analysis
Hi traders!
The price is currently near the support level and it's at the bottom of the BB indicator.
The RSI is at 33.44, nearing an oversold area, suggesting the possibility of a bounce from this level. If the price holds above $553 and shows bullish signs a long position could be a good opportunity.
Entry: $554
Target: $591
Stop loss: $547
Risk-reward ratio: 6,01
The price is currently near the support level and it's at the bottom of the BB indicator.
The RSI is at 33.44, nearing an oversold area, suggesting the possibility of a bounce from this level. If the price holds above $553 and shows bullish signs a long position could be a good opportunity.
Entry: $554
Target: $591
Stop loss: $547
Risk-reward ratio: 6,01
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