META hasn't officially signaled a mid-term bottom from November yet—here's what's happening. Two weeks back, the price spiked up to touch the 20-week moving average but got turned away. For the trade to confirm that November was truly the low point, we need to see a weekly candle close above that 20-week MA. Until that happens, it's still stuck in the testing phase. Watch for that breakout to determine if the bottoming process is real or if there's more downside brewing.
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StablecoinSkeptic
· 18h ago
Wait, is it really that hard to break the 20-week moving average? It seems Meta still needs to try a few more times.
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bridge_anxiety
· 12-27 21:58
Always talking about the bottom, but then getting proven wrong. Whether it's real this time or not, it's hard to say.
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PositionPhobia
· 12-27 21:55
Still testing again, really annoying. Just want to break out of the range quickly.
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BearMarketMonk
· 12-27 21:55
The 20-week moving average hasn't been broken through yet; it feels like this wave is still just a fake.
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MoonMathMagic
· 12-27 21:51
ngl, the 20-week moving average still needs a few more tries; bottoming is always easy to analyze in hindsight.
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SilentAlpha
· 12-27 21:47
The 20-week moving average still can't be broken, indicating that the main force hasn't made up their mind yet. Let's keep watching.
META hasn't officially signaled a mid-term bottom from November yet—here's what's happening. Two weeks back, the price spiked up to touch the 20-week moving average but got turned away. For the trade to confirm that November was truly the low point, we need to see a weekly candle close above that 20-week MA. Until that happens, it's still stuck in the testing phase. Watch for that breakout to determine if the bottoming process is real or if there's more downside brewing.