Thoughts on JD.com

Hey guys, I have a setup at $JD-SW (09618.HK)$

On the H4, prices are moving below ichimoku indicator, giving me a bearish bias that prices will drop from sell entry at 216.6 where the swing high is to take profit at 188.8 where the swing low support is. Alternatively, price could break entry structure to rise to stop loss at 231.4 where the pullback resistant and 38.2% fibonacci retracement are.

Entry 216.6
Take profit 188.8
Stop loss 231.4

$JD 5xLongSG230329 (DTZW.SG)$