What's going on fellow traders, hope everybody enjoyed their long weekend. I just wanted to drop this here and see what your thoughts are on what I believe to be a no brainer.
As you've probably noticed, PYPL has had an insane sell off that's been ongoing for what feels like an eternity at this point. Historically, you can see that there has been pretty solid support at the $100 level since the summer of 2018. That being said, given today's market conditions I wouldn't be surprised if PYPL gets bullied a bit more subsequently dipping into the sub -10 RSI level. I believe pretty much any more selling pressure in the next 1-2 weeks could force the stock back into the high 80s mid 90s. From there it should be completely bottomed out and a fantastic time to load up on leaps as close to the money as possible. I'll be waiting to see if we can get in at an even bigger discount and will be targeting contracts within the <$95 zone and as soon as Oct 21 to Sep. 15, 2023.
The yellow drawn in trend line represents a rough trajectory of the price that I could see happening if $100 support is cracked. (just a guess)
Let me know what you guys think, and please send me any of your own picks that you like.
I am on the same bandwagon as you are, my floor price is $85-$86 which will happen after the March 15-16 FED meeting once investors digest rate hike, language from J.Powell and inflation readings. If PYPL earnings/guidance satisfy WS then the way up will start. Too many stars need to be aligned, I know.....
CryptoBuzzAnalyst
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I bought at 131 when it plummeted on that first day.. So now, I've been tempted in selling at a loss but not sure. Still hodling.. I am starting to think this was a bad trade for me. Since now I'm holding bags. Very unsual for me. I don't do this. Should I hold or sell? What you all do?
STABLE_FX
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if there's a probability for a baby euro/USD yesterday when i entered and the trade when against me I sold now am left with only 30$ when I deposited 200$
CRYPTO_CLARE
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This is the golden question I have on a few of my bags. What’s the answer?! Pls
greg_gorrell
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Well you already messed up by having to ask this question. You didn't even have a plan before you bought it or you wouldn't be asking a silly question. Always have a planned target and stop, basics man.
CryptoBuzzAnalyst
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@greg_gorrell, Yes I know that.. I plan on holding it.. Its not a silly questions.. dont act like you have never made a bad trade.. It rarely happens to me but it does happen.. I plan on holding it cuz all my research indicated a 71% return in about a year. So I can dollar cost average.. and by the way I'm not really crying cuz it was under 1k.. So no big deal. I just wanted to see what everyones thoughts were expect yours which didn't even answer the dam question. There is no such thing as a silly question. ONly a silly person who make that silly statement...
Premium-Flippa
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@greg_gorrell, I was asking for peoples thoughts, I don’t own any calls and explained where I planned on loading if I were to get my money in above.