hi traders
PayPal is currently trading around $66.80 – $67.00 after retesting a key support level that has held multiple times in recent sessions. The price action shows consolidation near support, with potential for a bullish reversal.
Entry Zone:
Around $66.80 – $67.00 (current support area).
Stop Loss (SL):
Below $65.78 (recent swing low and invalidation zone).
Take Profit (TP):
Targeting $70.60 – $70.70 (strong resistance and recent highs).
Risk/Reward Ratio (RRR):
Approximately 1:3, favorable setup for a long position.
Trade Thesis:
The chart suggests a bounce from support with momentum building for an upside move.
If the price holds above the $66.80 support zone, there is room for a bullish push toward the $70.60 resistance.
Confirmation can come from bullish candles forming around the current level.
Plan:
Go long near $67.00.
Place stop below $65.78.
Aim for $70.60+ as the first profit target.
Partial profits may be secured on the way up, with stop moved to breakeven for risk management.
PayPal is currently trading around $66.80 – $67.00 after retesting a key support level that has held multiple times in recent sessions. The price action shows consolidation near support, with potential for a bullish reversal.
Entry Zone:
Around $66.80 – $67.00 (current support area).
Stop Loss (SL):
Below $65.78 (recent swing low and invalidation zone).
Take Profit (TP):
Targeting $70.60 – $70.70 (strong resistance and recent highs).
Risk/Reward Ratio (RRR):
Approximately 1:3, favorable setup for a long position.
Trade Thesis:
The chart suggests a bounce from support with momentum building for an upside move.
If the price holds above the $66.80 support zone, there is room for a bullish push toward the $70.60 resistance.
Confirmation can come from bullish candles forming around the current level.
Plan:
Go long near $67.00.
Place stop below $65.78.
Aim for $70.60+ as the first profit target.
Partial profits may be secured on the way up, with stop moved to breakeven for risk management.
Đóng lệnh: đạt mục tiêu
target reached.
💥 Free signals and ideas ➡ t.me/vfinvestment
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
💥 Free signals and ideas ➡ t.me/vfinvestment
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.