META is trading at $615.58, just below the key $618.22 resistance established on July 1, after a sharp 9%+ recovery rally from the $587 low — a technically overextended move that is now stalling at a well-defined ceiling. The stock remains -7% YTD with no fundamental re-rating yet confirmed, and the primary new catalyst (Arena prediction markets) is pre-launch and faces active regulatory headwinds, while the newly launched Muse Image AI model, though positive, is unlikely to move the earnings needle in the near term. Momentum is fading at resistance, creating a favorable short entry with a defined stop above $618 and a target back toward the $570-575 support base.