Fairly simple short here - SQ has seen a huge run and is at the top of a very large rising channel. I expect this to drop soon, but watching for a potential breakout to the upside just in case.
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Update Below - didn't drop as much as I thought, but still saw a 9% gain on the third short.
It fell below the line and I sold for a pretty good profit. Yes, it rebounded afterward, but time frames are important here. This was never supposed to be a long-term trade.