PayPal (PYPL) has been getting slapped around like a rookie in a heavyweight fight. The stock is now chilling above a thick support zone—right above the 50% and 61.8% Fibonacci retracement levels. Sounds like fancy chart talk, but all it really means is: This could be where the pain finally stops.
There's also an unfilled gap across multiple timeframes, and gaps like these tend to get filled at some point. If
PYPL keeps sliding, it might take out the previous quarterly low. Why does that matter? Because these lows act like a magnet, dragging price down just enough to shake out weak hands before launching higher. That’s when the selling pressure finally dies down. And the RSI? Almost in the basement—last time we saw this (November 2023), PYPL ripped higher shortly after.
My plan? Set alerts, watch closely, and pounce when the signs point to a reversal. I’m not about to catch a falling knife, but if this thing turns around, I sure as hell don’t want to be left behind.
There's also an unfilled gap across multiple timeframes, and gaps like these tend to get filled at some point. If
PYPL keeps sliding, it might take out the previous quarterly low. Why does that matter? Because these lows act like a magnet, dragging price down just enough to shake out weak hands before launching higher. That’s when the selling pressure finally dies down. And the RSI? Almost in the basement—last time we saw this (November 2023), PYPL ripped higher shortly after.My plan? Set alerts, watch closely, and pounce when the signs point to a reversal. I’m not about to catch a falling knife, but if this thing turns around, I sure as hell don’t want to be left behind.
💎 Kostenlose Community:
t.me/stromm_trading
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Einblicke in mein Trading, Mindset, Marktgedanken und alles rund um Krypto & Aktien. ⚡️
Auf dem Weg zu einer der Top 10 Trading-Communities im DACH-Raum.
t.me/stromm_trading
-------------
Einblicke in mein Trading, Mindset, Marktgedanken und alles rund um Krypto & Aktien. ⚡️
Auf dem Weg zu einer der Top 10 Trading-Communities im DACH-Raum.
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.
💎 Kostenlose Community:
t.me/stromm_trading
-------------
Einblicke in mein Trading, Mindset, Marktgedanken und alles rund um Krypto & Aktien. ⚡️
Auf dem Weg zu einer der Top 10 Trading-Communities im DACH-Raum.
t.me/stromm_trading
-------------
Einblicke in mein Trading, Mindset, Marktgedanken und alles rund um Krypto & Aktien. ⚡️
Auf dem Weg zu einer der Top 10 Trading-Communities im DACH-Raum.
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.