Meta Platforms

Meta waiting to break the range

201
Price action is stuck in the range and thats why waiting for the candles to break the rectangle area in bullish or bearish ride.


Bullish Indications:
1- Trend was bullish in 1H view but now sideways
2- Major Resistance Levels are 124, 130, 135, 141 which can become support if price is going in bullish ride

Bearish Indications:
1- trend is bearish on 1Day and 4H view but currently in sideways
2- Major Support Levels are 112, 109, 100 which can become resistance if price is going in bearish ride

Biase: Buy Stop Order + Sell Stop Order

Plan A:
Long (Buy Stop)
Entry: 125
SL: 122
TP1: RRR1
TP2: RRR2
TP3: RRR3

Plan B:
Short (Sell Stop)
entry : 111
SL: 113
TP1: RRR1
TP2: RRR2
TP3: RRR3

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