Meta PlatformsShort
META: trend structure is approaching important resistance zone
Meta is approaching important resistance zone both in terms of macro (from 2022 lows) and mid-term (since Apr 2024 lows): 700-760 level.
Until price is bellow 760 level, my operative scenario is to prepare for at least mid-term topping action with following unfold of larger correction. Macro support levels for this potential correction are at 520-420.
From the long-term investing perspective it looks reasonable to consider hedging long-term holdings. From swing-trading perspective this resistance levels might present good risk-reward opportunity in coming weeks.
From macro-perspective, levels of 520-420 are important zone to watch for future supporting action if mid-term correction materializes.
Until price is holding above 420, macro uptrend since 2022 lows looks intact and assumes higher levels (at 1000-1300 macro resistance) in years to come.
As an alternative mid-term scenario, I might also consider price trying to reach higher resistance levels, around 800-810, before starting larger degree correction towards macro support zone.
If price moves beyond 810 level and will be able to sustain further advance afterwards, or in macro-perspective: fall below 420 level, suggested mid-term and macro structures needs to be revised.
Thank you for your attention and wishing the best to your investing and trading in 2025!
Until price is bellow 760 level, my operative scenario is to prepare for at least mid-term topping action with following unfold of larger correction. Macro support levels for this potential correction are at 520-420.
From the long-term investing perspective it looks reasonable to consider hedging long-term holdings. From swing-trading perspective this resistance levels might present good risk-reward opportunity in coming weeks.
From macro-perspective, levels of 520-420 are important zone to watch for future supporting action if mid-term correction materializes.
Until price is holding above 420, macro uptrend since 2022 lows looks intact and assumes higher levels (at 1000-1300 macro resistance) in years to come.
As an alternative mid-term scenario, I might also consider price trying to reach higher resistance levels, around 800-810, before starting larger degree correction towards macro support zone.
If price moves beyond 810 level and will be able to sustain further advance afterwards, or in macro-perspective: fall below 420 level, suggested mid-term and macro structures needs to be revised.
Thank you for your attention and wishing the best to your investing and trading in 2025!
Note
* "... From swing-trading perspective this resistance levels might present good risk-reward SWING-SHORT opportunity in coming weeks"
Additional confirmation of a trend change towards proposed correction will be price closing bellow 21ema with later 8 ema moving bellow 21ema.
Делюсь аналитикой и личным опытом работы на финансовых рынках на реальных примерах и результатах, без платных подписок и курсов: t.me/marketartistry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Делюсь аналитикой и личным опытом работы на финансовых рынках на реальных примерах и результатах, без платных подписок и курсов: t.me/marketartistry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.