Hello,
Facebook has developed a support line since Covid breakout March 2020.
In Covid wave two March 2021 Facebook touched 200 EMA and reacted.
These days Facebook again sees a little crisis because of this whistle blower thing and bad reputation.
It fell a little bit below 200 EMA but it is now recovering.
If Facebook is able to stay above the yellow support line and 20 EMA crosses 50 EMA this is a very rare opportunity to get into the asset cheap with perfect bullish trigger.
Also the metaverse announcement could be a very bullish catalyst.
TP: ~$405 or +17%
Stop loss: ~$328 or -5%
Risk/Reward Ratio: ~1:3.5
This is not financial advice.
Facebook has developed a support line since Covid breakout March 2020.
In Covid wave two March 2021 Facebook touched 200 EMA and reacted.
These days Facebook again sees a little crisis because of this whistle blower thing and bad reputation.
It fell a little bit below 200 EMA but it is now recovering.
If Facebook is able to stay above the yellow support line and 20 EMA crosses 50 EMA this is a very rare opportunity to get into the asset cheap with perfect bullish trigger.
Also the metaverse announcement could be a very bullish catalyst.
TP: ~$405 or +17%
Stop loss: ~$328 or -5%
Risk/Reward Ratio: ~1:3.5
This is not financial advice.