META Squeeze Builds as Bulls Challenge the Breakout LineMeta Platforms Inc Class ABATS:METAbbqgioHello, traders! META is back at an important technical decision point on the 1D chart. After a period of downside pressure, price has recovered to $637.07 and is now testing the MA120 near $639.50. That level matters because it sits directly in the path of the current recovery and also acts as the neckline area for the developing double-bottom structure. Short-term momentum has improved, with price holding above the MA20 at $612.38 and MA60 at $622.38, while higher lows since early May show buyers are starting to rebuild control. The immediate technical view is neutral-to-bullish, but confirmation is still needed. A decisive 1D close above $640–$641 would suggest that supply around the MA120 has been absorbed and could open the door toward $670 first, then the broader $680 resistance zone. If momentum expands from there, the next liquidity area sits near $700–$720. The MACD supports this recovery attempt, with the MACD line above the signal line and a positive histogram, but the squeeze condition means the next expansion could be sharp in either direction. The broader structure is constructive as long as META continues to defend the moving-average cluster below price. The MA20 at $612.38 is the first important support, followed by the MA60 at $622.38 as a nearby structural reference. A controlled pullback into the $610–$615 area could still fit the bullish recovery path, provided buyers step in quickly. The stronger demand zone remains near $580, where previous selling pressure was absorbed during the May correction. The next key level is simple: META needs to break and hold above $640–$641 to confirm the bullish reversal attempt. Above that, $660 and $680 become the next upside checkpoints, with $700 as the larger target zone. Failure to hold above $620 would weaken the recovery and raise the risk of a deeper retracement toward $610, then $580. A close below $580 would invalidate the current bullish structure and shift focus back toward the $525 lows. Overall, the primary path favors continuation if META clears the MA120 with volume and holds above the short-term moving averages. Until that happens, the market remains in a compression phase between improving short-term momentum and strong overhead supply. The clean bullish trigger is a 1D close above $641, while the clean risk line sits below the $610–$615 support area, with $580 as the deeper structural invalidation zone.