baba might be the setup i'm attracted to the most. showing strength at the decade low. expected this to break the downward trend any time now. looking to the fill the gap up around $84 by eoy.
think we'll consolidate and likely retest $100 or so before more upside.
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we went ahead and closed the rest of the position for now. Start to reach a heavy resistance zone and now everyone knows about this trade lol gonna be a lot of long liqs to hit.
Will look to enter again somewhere around $100. Possibly a little bit lower.
expecting more downward consolidation, likely throughout the remainder of the year; but we'll continue monitoring. Already tagged the $100 we were expecting.
wouldn't be surprised to see a retest of the pivot breakout ~$89.
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