RawZMoeTow

SQ due for correction

做空
NYSE:SQ   Block, Inc.
Simple analysis here. we are currently dancing around the 77 dollar level, but this support looks weak based on the VPVR. once we break down from the 77 dollar range, next support on the volume profile looks like it'll try to bounce at the 69 dollar range with a possible continued drop to the 62 dollar level. It's gonna be a wild ride in my opinion, but it's safe to say buying puts or selling calls would be in favor here, with the overall market showing weakness. Overall, even if SQ to go retest some of those lower supports, the macro trend looks intact, with my long target at 126 still in play. if we were to break below the 62 dollar level and close a daily under it, I will perhaps change my tune on that next ATH target


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