Block, Inc.Short
$SQ Topping Out - Retrace sub-$120 Upcoming
SQ Topping Out - Retrace sub-$120 UpcomingFeels like its topping out, volume is starting to dissipate.
Price now ~75% above the 200d ema on the daily chart - definitely getting over extended at this point.
This would be a risky short, not recommending. However if you're long you might want to consider taking some profits here.
Expecting to see a retrace from these levels back to the $120 area near term.
Note : Not investment advice.
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.