META - 4h time frame analysis

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Hi traders!

The price is currently near the support level and it's at the bottom of the BB indicator.
The RSI is at 33.44, nearing an oversold area, suggesting the possibility of a bounce from this level. If the price holds above $553 and shows bullish signs a long position could be a good opportunity.

Entry: $554
Target: $591
Stop loss: $547

Risk-reward ratio: 6,01
Trade fermée: cible de profit atteinte
targets reached
Chart PatternsHarmonic PatternsTechnical Indicators

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