DefiJoth

How To Catch A Falling Knife...

Long
NASDAQ:PYPL   PayPal Holdings, Inc.
Since September PYPL has been having a bad time. Sucks for those holding shares, but for others, it sets up a good opportunity for large gains.
There are two scenarios I'm expecting to play out
1. It goes down to the weekly SR level and volume area at ~$100 and reverses from there. If that doesn't happen, exiting before the gap under $97 is the move.
2. Assuming the first doesn't play out and it gaps down, I am expecting the monthly SR level to hold. It held during the covid crash, so I think its a decent bet. Obviously if it is volatile, wait for price to settle down before entering and manage your risk accordingly.
Very good RR here.

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