$baba coiled consolidation at the lows

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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.
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closing. something about this pa i don't like.
Not
gonna end up regretting closing this lol
Not
support showing strength.

looks really good.

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Not
we're longing this again.


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there's the pop we've been waiting for.

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sold a bit here to long more RIVN and nkla.

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.

Moved position to RIVN, NKLA, and fsly.

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Not
down ~15% since we close this out.

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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