2026-03-23 19:40:03

$META

Meta Platforms Inc. is currently down approximately 22% from its previous ATH of $796.25. Price action suggests that the 61.8%–66% Fibonacci retracement zone is acting as a key supply area, limiting further upside in the near term.
Notably, the stock recently bounced off the 38.2% Fibonacci level around $578.84, indicating initial support from buyers. Going forward, I will be closely monitoring this 38.2% region, alongside the $529.60 level, which represents a critical support zone. A sustained hold above these levels could signal consolidation, while a break below may open the door for further downside.
#NFA

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