Midweek Watch 8/04 - $FSLY SHORT

NYSE:FSLY   Fastly, Inc
My Level: SHORT at $40 and $41

Why: I'm looking for a fade on this on a pop. This has a $2 - $3 range on this. When you look at their earnings , the top line they missed by a hair and they are talking about cutting their fiscal year 21. No one likes when they start cutting guidance. This is a name that is already breaking down and could remain heavy. Sometimes these are the easiest trades. Could give us the opportunity for a slow fade.