Alibaba has been displaying strong bullish momentum in recent weeks, and it is now approaching a key resistance level. As experienced traders know, price levels with significant order concentrations often act as turning points or areas of increased buying interest. In this case, the $90 level has caught our attention due to the substantial buying volumes that were witnessed in the past.
To manage risk effectively, we recommend setting a floating stop-loss just above the $90 mark. By doing so, we can protect our positions in case the price fails to hold above this level and experiences a deeper pullback. A floating stop-loss allows for flexibility, as it can be adjusted as the price moves in our favor.
To manage risk effectively, we recommend setting a floating stop-loss just above the $90 mark. By doing so, we can protect our positions in case the price fails to hold above this level and experiences a deeper pullback. A floating stop-loss allows for flexibility, as it can be adjusted as the price moves in our favor.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.