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Post

$BABA /USDT Perp – "Cascade Breakdown – Short"**


**Trading Plan Short $BABA
Entry: 125.8 – 126.2
SL: 127.5
TP1: 124.0
TP2: 123.0

BABA is down -3.29% at 125.20, crashing below EMA10 (125.74) and EMA30 (127.29). MACD is heavily bearish. The 131.29 yellow line is the ceiling. TP targets the 124.64 low.
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BABABABA-0.18%
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Comment 6
OnChainDiver
Looks like it may rebound. Alibaba has bounced back every time it dropped to around 120; be cautious with short positions this time.
CryptoluterAuthor
However, looking at the current price action, things might have changed. In this morning's session, BABA opened around $123 and briefly dipped to an intraday low of $121.88 before staging a recovery . The stock has managed to claw back to around **$130.53**, suggesting that the old $120 wall may be turning into a floor .
LiquidityGridCraftsman
Is that yellow line at 131 the ceiling? Why does it look like support turning into resistance to me? Either way, I don’t dare short.
OptionsFarmer
No bullish MACD divergence has appeared, so I don't dare follow the short position.
Sat Stacker
The short position has been placed, the stop-loss remains unchanged. Trust the trend—tonight will reveal all.

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