Short PYPL: bearish flag breakdown indicates further decline towards $52-$53 amid under-performance and multi-year lows

By:
on May 24, 2024
Updated: Jun 7, 2024

Short PYPL: bearish flag breakdown indicates further decline towards $52-$53 amid under-performance and multi-year lows

Closed Profit

Signal timeline

Stop loss $66.19 (-6.76%)
Current price marker
Entry zone $62.00
Current price marker
$62.5
Current price marker
Take profit 1 $59.52 (4.00%)
Current price marker
Take profit 2 $56.99 (8.08%)
Current price marker
Take profit 3 $53.98 (12.94%)
Arrow Closing price $61.00 (1.61%)

Trading signal summary

Buy/sell asset Sell
Entry zone $62.00 - $62.5
Stop loss $66.19
Portfolio risk 3%
Leverage 1X
Take profit 1 $59.52
Take profit 2 $56.99
Take profit 3 $53.98
Est. trade duration 1-2 week
Maximum profit 12.94%
Maximum loss -6.76%
Overall trade risk Medium