BABA looks ready to drop.

It’s been hitting the $125 wall since May and just can’t break it. This last bounce? Weak volume. No real buyers stepping in. RSI is already stretched and there’s no accumulation from big players.

If it loses $120 with conviction, we might see $110 or lower.

And let’s be real — China’s still struggling and the narrative isn’t exciting anyone anymore.

I’m eyeing a PUT. If it breaks $125 clean, I’ll flip my view. Until then… watch out.