$PYPL Bearish Displacement, Liquidity Sweep & Institutional

$PYPL higher timeframe structure has turned decisively bearish after a violent selloff from the 60–62 area toward the visible 53.00 low. On 4H, price had previously consolidated between roughly 60.1 and 62.7 before aggressive bearish displacement broke through that range. The 1H and 15m charts confirm the same sequence: sharp bearish displacement, a test of 53.00 sell-side liquidity, and only a modest rebound. Although 53.00 may represent a liquidity sweep, there is no confirmed bullish MSS or BOS yet. ICT therefore favors waiting for bullish displacement and structure confirmation before considering a long. Shorting immediately is also unattractive because price is already deep in daily discount. Using the visible 53.00–64.67 range, equilibrium is approximately 58.84. The 64.67 high remains the major external swing high, while 53.00 is the key structural low. Immediate resistance appears around 54.6–55.0, with larger potential supply around 57.5–62.7. Elliott Wave interpretation remains uncertain, so confirmation is essential before trading.