META at a Critical Reversal! Will It Break Out or Reject?

Technical Analysis (TA) for Trading:
* Trend: META has been in a downtrend but is now at a key reversal zone with strong buying volume.
* Descending Channel Break? Price is currently testing the upper boundary of the falling channel. A clean breakout above $634.55 could signal further upside.

* Support & Resistance Levels:
* Immediate Resistance: $634.55
* Next Major Resistance: $659.36
* Strong Support: $610.00
* Critical Downside Level: $583.85

* Indicators:
* MACD: Showing a potential bullish crossover, indicating upside momentum.
* Stochastic RSI: Overbought, which could lead to a short-term pullback before continuation.
* Possible Scenarios:
* Bullish: A breakout above $634.55 can lead to $659.36, then towards $700+.
* Bearish: If rejected here, expect a retest of $610, then possibly $583.85.

GEX & Options Flow for META:

* Highest Positive NetGEX / CALL Resistance: $700 – Major gamma resistance.
* 2nd Call Wall: $750 – If price pushes beyond $700, we could see momentum toward this level.

* PUT Wall Support: $610 – Key area where dealers may start hedging and absorb selling pressure.

* IV & Sentiment:
* IV Rank: 40.6 (moderate volatility)
* Options Sentiment: PUTS 6.8% – Lower put positioning suggests traders expect upside.
* GEX: Negative, indicating increased dealer hedging activity.

Thoughts & Suggestion:
📌 Breakout Traders: Watch for a move above $634.55 with strong volume for confirmation. 📌 Pullback Buyers: A dip to $610 could offer a strong risk-reward entry if support holds. 📌 Options Strategy: Given the lower PUT wall, a breakout could lead to momentum-driven moves. A call spread above $650 could be a strong setup.

⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.