META: trend structure is approaching important resistance zone

1 feb

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!

1 feb

Nota

* "... 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.