META at a Critical Reversal Zone! Trade Setups for Feb. 20

Technical Analysis (TA) Overview
META is currently trading near 701, in a downward channel after rejecting from 740. It recently found support around 690-695, which aligns with a key put wall support zone. If bulls can hold this area and push above 709-715, META could see a reversal toward 720-730. However, failure to reclaim 709 could lead to further downside toward 690-680.

📌 Key Support & Resistance Levels:
* Resistance: 709.95 (resistance zone), 715 (gamma resistance), 720-730 (major breakout area)
* Support: 695-690 (major demand zone), 680 (next strong put wall support)

📌 Indicators:
* MACD: Bearish but showing early signs of flattening—possible shift.
* Stoch RSI: Overbought at 81.78, meaning bulls may struggle for immediate upside.
* Volume Profile: Heavy trading volume near 701-703, suggesting possible consolidation before the next move.

Gamma Exposure (GEX) & Options Sentiment

🔹 Call Walls (Resistance):
* 715: Short-term gamma resistance—bulls need to break this level for momentum.
* 730-750: Major call resistance—META would need strong buying pressure to reach these levels.

🔹 Put Walls (Support):
* 690: Strong put support—buyers may step in here.
* 680: If 690 fails, next major support zone.

🔹 Options Sentiment:
* IVR: 9.3 (low implied volatility—potential for a sharp move).
* Call Open Interest: 16.9% – Low bullish positioning, indicating cautious sentiment.

Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If META breaks above 709-715, expect a push toward 720-730.
* Ideal entry: Above 710, stop-loss below 705.
* Profit targets: 715, 720, 730 (extension).

❌ Bearish Setup:
* If META fails at 709 and breaks below 695, expect a move toward 690-680.
* Ideal entry: Below 695, stop-loss above 700.
* Profit targets: 690, 680, 675 (extension).

Probability Estimate for META’s Next Move: Bullish Move Above 709-715 (Targets 720-730)
Scenario Probability (%): 45%
Reasoning: META is attempting to bounce from key put support (690-695).
• Needs strong buying volume to reclaim 709-715. | | Choppy/Sideways (Range 690-710) | 35% | - Volume profile suggests heavy activity around 700-703, meaning price could consolidate.

* MACD is bearish but flattening, signaling indecision. | | Bearish Breakdown Below 695 (Targets 690-680) | 20% | - Put support at 690 is critical, but if it fails, bears could take control.

* If selling pressure increases, expect downside to 680-675. |

Final Thoughts
* META needs to break 709-715 for further upside toward 720-730.
* If 695 fails, selling pressure could increase, pushing price to 690-680.
* Low IVR suggests a breakout is coming, but direction is uncertain.

🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 710 → target 715-730.
* Bearish Play: Watch for rejection at 709-710 or a break below 695 → target 690-680.

🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.