$BABA TOP 20
Added 2024-04-21 18:14:26 +0000 UTC$BABA is getting to those levels that we saw when $META was at $80's, we knew it was undervalued and held down but people were still cautious and then missed out on a 400-500% climb
It also continues to move within this tightening wedge downwards.
$BABA is also in my Buy Zone now too after losing the $71 level.
I am cautious about adding more as it starts to drift down looking for support
It is right at the bottom support line of the wedge now, losing this level and $65 is next to test support.
Losing this level and the ATL line will be tested at $58, at this level I will have no issue accumulating.
Comments
I’ve added a small portion at 69, I’d be surprised if Baba goes under 67 / 65 but ready to add more as well
Federico Salerno
2024-04-21 20:30:12 +0000 UTCYep, definitely need to DCA here because the drift down is clear like $NIO. Slow adds and turn heavy when there is a breakout and retest of support.
Gareth Neary
2024-04-21 18:35:16 +0000 UTCI'm adding on the way down here curious where your buys are/ you splitting them up evenly per buy or bigger as you go down
Scott Glover
2024-04-21 18:32:05 +0000 UTC
