META rebounded strongly off the 721–725 demand zone, breaking through its descending trendline and regaining short-term momentum. The MACD has flipped bullish with a rising histogram, while Stoch RSI is pushing higher, suggesting momentum is building but still has room before becoming overextended.
* Resistance: The first major test sits at 740–745. Beyond that, the bigger ceiling is at 752–753, which has repeatedly acted as supply.
* Support: Immediate support now lies at 731–732. A deeper retest into 725–721 would be the key level for bulls to defend.
* Trend: While still inside a broader downtrend channel, this breakout shows early signs of strength — bulls will need to clear 745 to flip momentum decisively.
🔍 Options / GEX Confirmation
* Resistance Clusters:
* 745–750 → heavy call wall.
* 752–753 → reinforced by strong call resistance, making this the main upside barrier.
* Support Layers:
* 731–732 → strong GEX support.
* 725–721 → backed by highest negative gamma / put support.
This confirms that 745–753 is the resistance zone to watch into September 3, while 731–725 is the support band that must hold for bulls to stay in control.
🎯 Trade Scenarios
* Bullish: Hold above 731 and break through 745 → opens room for a test of 752–753 into September 3. If this clears, upside momentum could carry toward 760.
* Bearish: Failure to hold 731 or rejection at 745–753 → risks a pullback to 725–721, and losing that would drag price toward 715.
🧠 Final Take
META is showing signs of recovery after a steep decline, with the 745–753 zone now the key battleground into September 3. Clearing it would signal a shift in momentum and potentially extend toward 760. If sellers defend that zone, expect chop or a pullback into the 725–721 demand base before another attempt higher.
* Resistance: The first major test sits at 740–745. Beyond that, the bigger ceiling is at 752–753, which has repeatedly acted as supply.
* Support: Immediate support now lies at 731–732. A deeper retest into 725–721 would be the key level for bulls to defend.
* Trend: While still inside a broader downtrend channel, this breakout shows early signs of strength — bulls will need to clear 745 to flip momentum decisively.
🔍 Options / GEX Confirmation
* Resistance Clusters:
* 745–750 → heavy call wall.
* 752–753 → reinforced by strong call resistance, making this the main upside barrier.
* Support Layers:
* 731–732 → strong GEX support.
* 725–721 → backed by highest negative gamma / put support.
This confirms that 745–753 is the resistance zone to watch into September 3, while 731–725 is the support band that must hold for bulls to stay in control.
🎯 Trade Scenarios
* Bullish: Hold above 731 and break through 745 → opens room for a test of 752–753 into September 3. If this clears, upside momentum could carry toward 760.
* Bearish: Failure to hold 731 or rejection at 745–753 → risks a pullback to 725–721, and losing that would drag price toward 715.
🧠 Final Take
META is showing signs of recovery after a steep decline, with the 745–753 zone now the key battleground into September 3. Clearing it would signal a shift in momentum and potentially extend toward 760. If sellers defend that zone, expect chop or a pullback into the 725–721 demand base before another attempt higher.
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.
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.