META Daily Playbook
META is trading in a clear downtrend, with price at 567.58 sitting well below both the 50-SMA (622.60) and 200-SMA (655.71), and the 200-day stack -13.44% overhead reinforces the longer-term break of structure. Momentum confirms the weakness: RSI at 39.27 is sub-50 but not yet washed out, and MACD at -11.36 has slipped further beneath its signal line at -9.46, signaling continued downside pressure rather than exhaustion. Immediate resistance sits at the 50-SMA near 622–625, with the 200-SMA around 655 acting as the heavier supply ceiling; on the downside, the recent reaction zone around 560 is the first shelf, and a loss there opens air toward the prior swing lows. The setup of interest is a mean-reversion bounce only if price reclaims 600 and stabilizes — without that trigger, rallies remain sellable into the declining 50-SMA. The bearish thesis weakens if META closes back above 622.60 with RSI pushing through 50 and MACD crossing its signal; conversely, a decisive break and close below 560 invalidates any near-term basing attempt.