🔻 Alibaba (BABAUSDT perp) 1H WAITING SHORT – sell the retest
📉 Trend: 97.0 is below 1H EMA50 101.70 / EMA200 104.39 and 4H EMA50 104.32 / EMA200 105.17. BABA is down about 5.8% in 24h. It broke the 97.6 shelf today, made a low at 95.45, and is now bouncing back toward that broken level.
⠀
🎯 Plan (only after publication):
A bounce into 97.3-97.9, then a 1H close back below 97.2. Sell limit 97.50.
⠀
🛑 Stop: 98.69 (98.45 swing high + 0.3×ATR 0.80)
✅ TP1: 94.70 (late-June / Jul 6 lows) ~2.1R
✅ TP2: 93.40 (Jun 29-30 lows) ~3.1R
(R net of 0.05% fee per side; 95.45 may cause a pause)
⠀
🧠 Why: trend-following. Price is below every key average, and broken support often acts as resistance on the first retest.
⠀
⚠️ Cancel if a 1H close is above 98.69 before activation, or 94.70 prints before entry. Expires in 24h. Risk 1%: size = 1% of equity ÷ (98.69 − 97.50). Confidence: medium. Sharp bounces after big drops are common.
⠀
Not financial advice. DYOR.
$BABA.US #Alibaba #TradFi #Stocks #Binance
📉 Trend: 97.0 is below 1H EMA50 101.70 / EMA200 104.39 and 4H EMA50 104.32 / EMA200 105.17. BABA is down about 5.8% in 24h. It broke the 97.6 shelf today, made a low at 95.45, and is now bouncing back toward that broken level.
⠀
🎯 Plan (only after publication):
A bounce into 97.3-97.9, then a 1H close back below 97.2. Sell limit 97.50.
⠀
🛑 Stop: 98.69 (98.45 swing high + 0.3×ATR 0.80)
✅ TP1: 94.70 (late-June / Jul 6 lows) ~2.1R
✅ TP2: 93.40 (Jun 29-30 lows) ~3.1R
(R net of 0.05% fee per side; 95.45 may cause a pause)
⠀
🧠 Why: trend-following. Price is below every key average, and broken support often acts as resistance on the first retest.
⠀
⚠️ Cancel if a 1H close is above 98.69 before activation, or 94.70 prints before entry. Expires in 24h. Risk 1%: size = 1% of equity ÷ (98.69 − 97.50). Confidence: medium. Sharp bounces after big drops are common.
⠀
Not financial advice. DYOR.
$BABA.US #Alibaba #TradFi #Stocks #Binance
