META Oct. 1 – Sitting on Support, Breakout or Breakdown Next?

Intraday View (15-Min Chart)
META dropped sharply early and has since consolidated around $733 inside a tightening wedge. Sellers remain active, but support is holding near $727–$730 for now.
* Support Levels: $733.00, $727.52, $726.41
* Resistance Levels: $737.07, $743.40, $745.99
* Indicators: MACD still red but flattening out, showing momentum cooling. Stoch RSI near oversold, hinting at a potential relief bounce.
📌 Intraday Thought (Oct. 1): If $733 holds, META could rebound toward $737–$745. A breakdown under $727 risks a drop toward $720. Scalpers can lean long on $733 support with stops tight, or fade into $743–$745 if price rejects.

Options & Swing View (1H + GEX)
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Gamma exposure shows where the flows matter:
* Upside: Large call walls stacked at $745–$755, with extension toward $760–$770.
* Downside: Strong put support anchored at $727–$720, deeper protection at $715.
This keeps META boxed between $727–$745 short term. A breakout over $745 could fuel a run toward $755–$760, while losing $727 risks accelerating downside toward $720 or even $715.
* Bullish Play (Oct. 1): Calls or spreads targeting $755–$760 if $745 breaks with volume.
* Bearish Hedge: Puts toward $727 → $720 if support gives way.
* Neutral Play: Iron condor between $727–$745 to capture premium in range.

My Thoughts (Oct. 1)
META is in a decision zone with $733 holding as a pivot. The chart shows compression under the wedge trendline—if $745 is reclaimed, momentum opens quickly to the upside. But losing $727 would signal continuation of weakness. I’d stay patient and let price confirm at either $745 breakout or $727 breakdown.

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