SHOPIFY INCLong
bottom for SHOP
SHOPSHOPThis call is primarily based on price action and risk reward.
We can see a lower low being pushed on the daily time frame but over last week price rejected the $173 level.
The other notable mention is the Risk to reward ratio, with a bottom formed we have an excellent place to set our stop knowing the trend would go bearish is it was triggered
Remember to always manage you risk
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