Meta 2-21

🔥 Market Overview:
Trend: Bearish; recent breakdown from highs, testing support.
Key Levels:
Resistance: $703.50, $710.00.
Support: $692.00, $685.00.
Indicators:
MACD: Bearish momentum, indicating continued weakness.
RSI: 39.68, nearing oversold conditions.
Supertrend: Bearish, confirming downward pressure.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping

Buy near: $693.00, targeting $700.00 (+1.0%).
Sell near: $703.50, targeting $695.00 (-1.2%).
Stop-loss: Below $690.00.
🩸 2. EMA Pullback Scalping

Buy near: $692.00 (EMA 9), targeting $699.00 (+1.0%).
Sell near: $703.50, targeting $694.00 (-1.3%).
Stop-loss: Below $689.00.
🩸 3. Breakout Scalping

If $703.50 breaks, enter long toward $710.00 (+1.8%).
If $692.00 fails, short toward $685.00 (-1.2%).
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If price holds above $692.00, a bounce to $710.00+ is possible.
If it breaks below $685.00, expect further downside pressure.
The trend remains weak unless a strong rebound occurs.
🔥 News & Market Context:
Meta reduced stock-based compensation by 10%, signaling cost-cutting.
Investors remain cautious despite record stock highs.
Weakness across tech stocks adds pressure.
🔥 Decision:
🩸 Short-term: Scalping between $692–$703.50 is the best play.
🩸 Mid-term: Bearish until a reclaim of $703.50.
🩸 Ideal Play: Trade with tight stops as downward momentum persists.

👑 Final Verdict:
Catching falling knives requires skill—trade smart or bleed out.

🔥 LucanInvestor:
"Markets don’t care about emotions. Adapt or be eliminated."