Square Short on PayPal Crypto news
Square has been rising in 2020, especially with the accumulation of Bitcoin on its books. Today's PayPal news with them launching into the Crypto market - sees a Big Gorilla enter to give Square competition.
Short-term, it will look to retest the support/resistance line at $170, so take profits at this level and the monitor whether it bounces up or continues down.
Target: $170
Short-term, it will look to retest the support/resistance line at $170, so take profits at this level and the monitor whether it bounces up or continues down.
Target: $170
Trade closed: target reached
Closed the position successfully today as the price reached the $170 target. Close of trading, SQ ended at $169.89.21st October: 100 Shares Shorted at $181.24
26th October: 100 Shares Covered at $170.81
Profit: $1,043 (5.8% gain)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.