This is a fresh chart for BABAUSDT (Alibaba) perpetual futures. The current "heading" is sharply bearish, with the price dropping from $141 to $134.46 in just a few 4-hour candles.
The "Volatile Gap" Strategy:
Instead of guessing if it will go up or down, look at the Extreme Low ($133.68) and the EMA(7) Resistance ($135.93).
Action: Only enter a big trade if you see a green candle close above $136.50 on the 4h chart.
The "Never Done Before" Tip:
Instead of looking at the price, look at the RS (Relative Strength) against the overall market.
If #Bitcoin is flat but #BABA starts moving up alone, that is your strongest "Buy" signal. Currently, BABA is weaker than the market, so patience is your "benefit" right now.
Wait for the $133.68 floor to hold. If it breaks that, the next stop is $130.
BABAUSDT
Perp
133.39
-2.12%