Meta scalping + forecast (2-19)

🔥 Market Overview (Meta - META)
Trend: Meta is experiencing a correction after a strong uptrend. Price is currently testing support.
Key Levels:
Resistance: $714.65 (Supertrend resistance)
Support: $701.54 (200 EMA), $690.00 (psychological support)
Indicators:
EMA 9: $703.49 (Short-term trend resistance)
EMA 200: $701.54 (Crucial support level)
MACD: Bearish crossover, weak momentum.
RSI: 41.21, nearing oversold territory.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)

Buy near: $700-$702, targeting $710-$714.
Sell near: $714-$715, targeting $700.
Stop-loss: Below $698.
🩸 2. Breakout Scalping (If $715 Breaks)

Buy above: $715, targeting $720-$725.
Stop-loss: Below $712.
🩸 3. Momentum Scalping (For Quick Trades)

Short near: $714-$715, targeting $702.
Buy near: $700-$702, targeting $710-$714.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
META needs to hold above $701-$702 to confirm a bullish continuation.
If rejected at $714-$715, expect a pullback to $690.
RSI indicates possible short-term downside before recovery.
🔥 News & Market Context
Meta remains one of the top-performing tech stocks, benefiting from AI and digital ad growth.
Market-wide sentiment is mixed, with tech earnings and macro data influencing movements.
Earnings guidance and institutional activity will determine future momentum.
🔥 Decision:
🩸 Short-term: Scalp between $700-$715, favoring long positions at support.
🩸 Mid-term: Watch for confirmation above $715 for continuation.
🩸 Ideal Play: Buy near $700, sell near $715, or long on a breakout.

👑 Final Verdict:
META is at a crucial support level. A bounce could push it to $715+, but failure to hold could trigger a drop to $690.

🔥 LucanInvestor's Quote:
"Support and resistance define the game—trade within them or break through." 👑