META | Descending Channel & 0.618 Fib SupportMeta Platforms, Inc.BATS:METAhighlettingsMETA is trading inside a descending channel after breaking its main uptrend. Price recently rejected the upper boundary with strong sell volume and a bearish MACD crossover, showing short-term weakness. The 0.5 Fibonacci level is acting as current support — if price breaks below this, expect a retrace toward the 0.618 Fib zone ($400–$405) which aligns with key channel support. Holding this level could trigger a rebound toward $450–$470, but a close below $400 opens the door to $380–$360. RSI is near oversold, suggesting a potential bounce if the 0.618 level holds. Medium-term correction within a larger bullish structure.