$SQ has been in no mans land since losing the $55 level at the blue line and the next test of support is at the yellow trend line at $40.50 now.
Losing this level and the price comes all the way down to the $Covid Low line at $32 which is a remarkable and shocking level for $SQ to pull back too.
I suspect Jack Dorsey is working hard in the background to turn things around here and a number of positive announcements will be made in due course.
For now, high interest rates are hurting $SQ.....$PYPL, $BAC and $SOFI are also affected too.
For me, if this goes to $32.....I am going in heavy.