Ali Charts|May 21, 2026 18:02
If you're trading META, $594 is the most important level to watch!
A well-defined consolidation channel has developed over the past 20 days, anchoring META since the beginning of May. The price is currently testing the lower boundary of this pattern.
Holding this $594 structure is significant. A clean bounce from this channel bottom could easily trigger an upward expansion toward the mid-range at $610, with a secondary target sitting at the top of the channel at $623.
However, if the price slides slightly lower to gather deeper liquidity, the internal macro support levels I’m watching sit at $582 and $570. A brief reset there would offer an even more strategic accumulation window before the next leg up.(Ali Charts)
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