Short
$SHOP longs beware. Shop to go back to $17-20?
SHOP just formed another lower high which you can clearly see looking at the chart from the daily timeframe. I think we're about to see one more drop from here which bottoms around $17-20. After it reaches that range, I think that will be the setup for a longer term bounce.
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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.