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Square Short on PayPal Crypto news

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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

Trade chiuso: obiettivo raggiunto
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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