- A buyers must take note that
META
is at a very high risk place to be purchased !
Not only has a strong down-trend taken place, but there is plenty of room to the downside.
(-20% negative draw-down from here if price hits the green support trendline)
Despite today's bounce at a key-level and breaking the first trendline resistance on red,
it is currently trading just below 297.85$ key level mark after bouncing at 276.8$.
Even Breaking 297.85$ KL,
resistance marked on red rectangle @293$ welcomes the price to be slapped by it from
Sellers.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
META
is at a very high risk place to be purchased ! Not only has a strong down-trend taken place, but there is plenty of room to the downside.
(-20% negative draw-down from here if price hits the green support trendline)
Despite today's bounce at a key-level and breaking the first trendline resistance on red,
it is currently trading just below 297.85$ key level mark after bouncing at 276.8$.
Even Breaking 297.85$ KL,
resistance marked on red rectangle @293$ welcomes the price to be slapped by it from
Sellers.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
Comment:
*Daily chart
*Daily chart
Zoomed in