**Daily Chart Breakdown** *Friday 4/24 – After Market Close*Meta Platforms Inc Class ANASDAQ:METAEthicalxTrader**META — Meta Platforms, Inc.** **Daily Chart Breakdown** *Friday 4/24 – After Market Close* --- ### 🔍 Key Observations • META is currently trading around **675**, continuing a **strong bounce off the recent lows near ~570**. • That bounce has been aggressive, reclaiming multiple levels and pushing back above the **650–660 area**, which was a key pivot zone. • Price is now approaching a **heavy resistance stack between ~700–740**, where prior supply and rejection occurred. • The bigger picture still shows this as a **range-bound structure after a pullback**, not a clean trend continuation yet. • Short-term momentum is bullish, but price is **moving into supply**. --- ### 📊 Key Levels to Watch **Immediate Resistance** • **676 – 700 zone** → current resistance / decision area • **706 – 718** → strong resistance • **736 – 747** → major supply zone • **765+ → 793+** → breakout continuation levels **Immediate Support** • **659 – 650** → near-term support • **636 – 632** → key support zone • **606 – 598** → major demand zone • **573** → recent low / last line of defense --- ### 📈 Technical Breakdown This is a **strong bounce within a broader range**. Structure: • Sharp selloff → bottoming near 570 • Strong reversal bounce • Now approaching prior rejection zone Key takeaway: ➡️ Bulls have momentum short-term ➡️ But price is **not yet in clear breakout territory** This is currently: • **Relief rally → into resistance** Need to see: • Acceptance above 700+ for continuation • Or rejection here for another range move --- ### 📊 Volume & Trend Notes • Volume increased during the bounce, confirming **buyer participation** • No signs of heavy distribution yet at current levels • Still needs confirmation at resistance Trend: • **Short-term: bullish momentum** • **Higher timeframe: range / consolidation after pullback** --- ### ✅ Trading Plan #### Bullish Scenario Trigger: **break and hold above 700–706** Targets: • PT1: **718** • PT2: **736 – 747** • PT3: **765+ → 793** Stop Loss: • **below 659** --- #### Bearish Scenario Trigger: **rejection from 700 zone and loss of 659** Targets: • PT1: **636** • PT2: **606 – 598** • PT3: **573** Stop Loss: • **above 706** --- ### 📌 Summary META has had a **strong bounce off the lows**, but is now entering a **key decision zone**. Right now: • Momentum = bullish • Location = resistance That combination means: ➡️ Either breakout continuation above 700 ➡️ Or rejection and continuation of the range This is a **reaction zone**, not a chase zone — let price confirm direction here before getting aggressive.