META | Descending Channel & 0.618 Fib SupportMeta Platforms, Inc.BATS:METAhighlettingsPrice broke out of the main uptrend channel and is now trading inside a descending channel. The recent rejection at the upper boundary, combined with heavy sell volume and a bearish MACD crossover, signals short-term weakness. Fib retracement from April–July shows price hovering near the 0.618 level, a key support zone around $400–$405. If it holds, a rebound toward $450–$470 (mid to upper channel) is possible. A break below $400 could extend the drop toward $380–$360. Overall trend: medium-term correction within a larger bullish structure. RSI is nearing oversold, suggesting a possible bounce soon.