Doubling down on my BABA Trade
My previous 
BABA
trade didn't go in my favour, so I decided to adjust my strategy and double down at this level. I've set my target price at break-even on the earlier trade. The key support level that was broken has now turned into resistance, and I anticipate the price will revisit this zone. My take-profit is aligned with this technical setup, as indicated on the chart.
BABA trade didn't go in my favour, so I decided to adjust my strategy and double down at this level. I've set my target price at break-even on the earlier trade. The key support level that was broken has now turned into resistance, and I anticipate the price will revisit this zone. My take-profit is aligned with this technical setup, as indicated on the chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.