META Jun 11 | Put Wall Pressure BuildingMeta Platforms Inc Class ANASDAQ:METABullBearInsights META broke below its short-term support structure late in the session and closed near the lowest levels of the day on the 15-minute chart. After multiple attempts to stabilize around the $585 area, sellers regained control and pushed price back toward the major support cluster near $580. The larger structure remains bearish. Price continues trading beneath the declining trendline while every bounce attempt has produced lower highs. The late-session selloff also occurred directly below the HVL, showing buyers have not yet regained control of dealer positioning. Unless META can quickly reclaim overhead resistance, the current setup favors continued pressure toward lower support levels. Key Levels Support $580 $577.50 $575 $570 $565 Resistance $585 $590 Major Resistance $597.50 $600 $605 $610 GEX Positioning Major Call Resistance $600 $605 $610 HVL $597.50 Major Put Support $580 $577.50 $575 $570 The most important observation is that META closed far below the HVL at $597.50. Dealer positioning remains heavily bearish with the largest call concentrations sitting well above current price while put support levels are stacked beneath the market. The $580 level becomes the immediate battleground. If buyers can defend it, a short-term bounce may develop. If it fails, dealer hedging could accelerate downside movement toward the lower put walls. The distance between current price and HVL also highlights how much work bulls need to do before regaining momentum. Trade Considerations The afternoon recovery failed to reclaim any meaningful resistance and price rolled over again into the close. Volume expanded during the selloff while momentum weakened during rebounds. That behavior typically favors continuation rather than immediate reversal. Bulls need to reclaim $585 first before any meaningful recovery can develop. Until then, rallies remain vulnerable to rejection. Bullish Scenario Reclaim $585 Break above $590 Target $597.50 HVL Target $600 Target $605 Target $610 Bearish Scenario Lose $580 Test $577.50 Test $575 Potential flush toward $570 Potential extension toward $565 Options Outlook (Jun 11 Session) Bullish Setup 590C only after a confirmed reclaim above $585 and continued acceptance toward HVL. Bullish Targets $597.50 $600 $605 $610 Bearish Setup 580P if META loses $580 with volume confirmation. Bearish Targets $577.50 $575 $570 $565 Conclusion META remains below its declining trendline and significantly below the HVL at $597.50. GEX positioning shows strong call resistance overhead while dealer support continues to sit below current price. Bulls need to reclaim $585 and begin working back toward HVL to shift momentum. Until that happens, the path of least resistance remains toward the $580-$570 support zone.