I've been eyeing PYPL for a while now and I think this week will make or break it.
Although we found support right above the demand zone at 179, I believe we may have a kiss more downside left in the tank. I want to see us get to the demand zone before scaling in a position.
If we see 175 and bounce, I'm a buyer. That being said, I will swap to puts if we break to the downside as we've got quite gap to fill below.
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.