META has failed the 640-area swing high and is trading below the 20/50/200 EMA stack on the 4h. The 1h chart broke hard below the 600-607 shelf on volume, then based near the 579-580 swing low. A retest of 596-600 is the actionable short zone after the latest intraday rejection there; invalidation is a reclaim above 600 and the retest high, with the next target at the 579.22 swing low. Reward/risk is acceptable at roughly 2.4R.
๐ Entry: 596.50
๐ Stop: 603.50
๐ฏ Target: 580.00
โ๏ธ R:R: 2.36
๐ Entry: 596.50
๐ Stop: 603.50
๐ฏ Target: 580.00
โ๏ธ R:R: 2.36
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monk.trade โ Trade setups and market intelligence
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
