hi traders,
Currently, PayPal is trading around the $68 level, but the chart suggests that the stock may not yet be ready to resume a sustained bullish trend. Based on the technical setup, we anticipate a possible drop in the coming months before a new bull run begins.
The key buy zone to watch is in the range of $54–$50. This area aligns with a strong support zone and potential trendline confluence, making it an attractive entry level for long-term investors.
Our expectation is that price action will retest this zone before reversing upward and starting the next significant bullish leg. Traders should remain patient and look for confirmation signals once PayPal approaches this support area.
Currently, PayPal is trading around the $68 level, but the chart suggests that the stock may not yet be ready to resume a sustained bullish trend. Based on the technical setup, we anticipate a possible drop in the coming months before a new bull run begins.
The key buy zone to watch is in the range of $54–$50. This area aligns with a strong support zone and potential trendline confluence, making it an attractive entry level for long-term investors.
Our expectation is that price action will retest this zone before reversing upward and starting the next significant bullish leg. Traders should remain patient and look for confirmation signals once PayPal approaches this support area.
Order cancelled
The situation has changed, and the chart now appears bullish on both lower and higher timeframes. I don't expect the drop to 54-50$ buy zone anymore. The price broke the downsloping resistance.
This trading idea is not valid anymore. Now I'm bullish on Paypal.
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
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.