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Dereckthecoldest
Dec 4, 2020 1:22 AM

SQ Buy Setup Long

Block, Inc.NYSE

Description

After shorting SQ last week I am changing my tune and I'm looking for buy setups. I used the fibonnaci here to try and locate where SQ may head towards if $214 breaks and we head towards a new all time high. Price action is currently approaching the 50EMA which is right below a key level. I am looking to enter around this key level at $199.60.
Patience. Price action isn't there yet but the risk to reward is pretty solid here. Especially if we reach my predicted 2nd price target. Let me know what you all think !

*Charts posted for educational purposes only.
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