Trade Plan 10/18 Post: PYPL #PYPL
📊 Setup Overview:
* PYPL is forming a large symmetrical triangle, tightening range between $65.70 support and $70.66 resistance (magnet zone).
* The stock is coiling near the apex, setting up for a potential breakout or breakdown in the coming sessions.
* Momentum remains neutral but leaning bullish while price holds above the rising trendline.
🐂 Bullish Scenario:
* Hold above $65.70 and reclaim $70.66 for upside continuation.
* Breakout above $70.66 targets → $75 → $82 → $93.66.
* Watch volume — confirmation requires expansion above average daily volume.
🐻 Bearish Scenario:
* Lose $65.70 = breakdown from structure.
* Downside targets → $61 → $56.13 → $50.58.
* Sustained close below $56 would confirm a larger bearish trend resumption.
⚖️ Key Levels:
* Resistance → $70.66 / $75 / $82 / $93.66
* Support → $65.71 / $61 / $56.13 / $50.58
🕓 What I’m Watching:
* Confluence between trendline support and horizontal resistance near $68-70 — volatility likely.
* RSI and MACD compression signaling a breakout setup.
* Ideal trade: Wait for confirmation candle above or below the triangle with volume spike.
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