Currency $BABA Trade Alert 💹
Range-bound. Suggestion
Entry range: 111.6913-112.7687
Stop loss: 111.1526
Targets: 113.3523, 114.2501, 115.3724
Technical Analysis: BABA’s price action is so frustrating it makes you want to smash the keyboard—112.23 has been stuck there all day, the EMA is as if half-asleep clinging to 112.24/112.26, and the RSI is only 43.4, lifeless. If you call it weak, it hasn’t broken down; if you call it strong, it can’t even squeeze out a decent rebound. Don’t expect a one-way move—this is just a grindy range, staying within less than a one-point swing. Entering means getting repeatedly cut by fees and emotion. If you want to trade it, take a small short-term long near 112.2, set your stop loss at 111.15—don’t hesitate. If it breaks, admit defeat and don’t fight the trend. If you lack patience, just don’t act; wait until it clearly holds above 112.5 or breaks below 111, then decide—going in now is like waiting to catch a hawk.
Recommended stop-loss level: 111.152592, please adjust your position size according to your own risk tolerance
#BABA
Range-bound. Suggestion
Entry range: 111.6913-112.7687
Stop loss: 111.1526
Targets: 113.3523, 114.2501, 115.3724
Technical Analysis: BABA’s price action is so frustrating it makes you want to smash the keyboard—112.23 has been stuck there all day, the EMA is as if half-asleep clinging to 112.24/112.26, and the RSI is only 43.4, lifeless. If you call it weak, it hasn’t broken down; if you call it strong, it can’t even squeeze out a decent rebound. Don’t expect a one-way move—this is just a grindy range, staying within less than a one-point swing. Entering means getting repeatedly cut by fees and emotion. If you want to trade it, take a small short-term long near 112.2, set your stop loss at 111.15—don’t hesitate. If it breaks, admit defeat and don’t fight the trend. If you lack patience, just don’t act; wait until it clearly holds above 112.5 or breaks below 111, then decide—going in now is like waiting to catch a hawk.
Recommended stop-loss level: 111.152592, please adjust your position size according to your own risk tolerance
#BABA