$PYPL Time for a reversal?
(LONG)
I want to see if it creates a demand in 99$ area, making its way to 100.54.
Next, I want to see it break out and retest that area and make a leg up. I'll enter at the retest or a pull back. Taking any profits if it is nearing resistance.
(SHORT)
Will buy put if it breaks the structure, retest previous support. Theres a good support around 94 - 95 area so that would be my target.
I want to see if it creates a demand in 99$ area, making its way to 100.54.
Next, I want to see it break out and retest that area and make a leg up. I'll enter at the retest or a pull back. Taking any profits if it is nearing resistance.
(SHORT)
Will buy put if it breaks the structure, retest previous support. Theres a good support around 94 - 95 area so that would be my target.
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