Lyft Inc. $LYFT has been having a volatile IPO launch. Price tagged $88 on the first day, but has been dumped down to $55 last week. Even though there is not much price history to assess price action, we can see some short-term bottom forming - specifically a double bottom.LYFT 4H Chart(click to enlarge)Price Bottom:- As we can see on the 4H chart, price came down to $55-$56 area twice since April 15. - Price rebounded both times. - Now, if price can push above $62.50, LYFT would complete a double bottom. - Maybe we can expect some more volatility in the short-term and can take advantage of a speculative swing towards $70.- However, I don't think we can rule out further downside after some sideways choppy action. - I am playing LYFT in the short-term with light positioning (1/2 the usual) with an entry near $60.