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SupplyDemand
Jun 10, 2020 11:50 AM

$SQ Demand at $70 Long

Block, Inc.NYSE

Description

SQ is approaching strong weekly supply around $94. You can see price near this weekly level on the hourly. I expect a move down until we hit demand at $70.

$70 is a good demand (buy) zone because price has yet to fall to this level since price rallied from it on May 7, 2020. Long at $70 with a stop-loss just below $68
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