Thoughts on Xiaomi?

Hey investors! I have another setup here for you $XIAOMI-W(01810.HK)$

On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop to the sell entry at 11.28 where the swing low support, 78.6% fibonacci retracement and 78.6% fibonacci projection are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 10.28 in line with swing low support and 127.2% fibonacci extension. Alternatively, price could rise to stop loss at 12.36 where the pullback resistance is.

Entry:11.28
Take Profit:10.28
Stop Loss: 12.36

$Xiaomi 5xShortSG220705(DCCW.SG)$
$Xiaomi 5xLongSG221215(DJIW.SG)$