SQ is headed to the downside

Charting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area . I am concern about the amount of time it make take for this plan to carryout.
blockcashappchartingChart PatternsmarkethbreadthputoptionshortSQTrend Analysis

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