TESLA ($TSLA) "Long" -$600-
Tesla (TSLA) on the 4-hour chart.
First thing to mention: Weekly Close in 2days about might print a 2nd Doji.
Key Support and Resistance Levels :
The price is currently testing a crucial support level around $350.
Orange Block, 15min unfilled gap. If we take it out and don't lose Cyan trendline I might even add to the trade.
Dotted Cyan lines, 4h resistances
Price might go to $470 or even new high then do retracement to stop out late Longs.
At $620, Projection of past price. I'll be 90% out before this.
If the price breaks above the cyan trend line and holds above $385 it could signal a bullish reversal.
Conversely, if the price fails to hold above these levels and drops below $350, it may continue its downward trend.
Keep an eye on volume during any breakout attempts. Higher volume can confirm the strength of the move.
Monitor key psychological levels like $400 and $500 for further confirmation.
First thing to mention: Weekly Close in 2days about might print a 2nd Doji.
Key Support and Resistance Levels :
The price is currently testing a crucial support level around $350.
Orange Block, 15min unfilled gap. If we take it out and don't lose Cyan trendline I might even add to the trade.
Dotted Cyan lines, 4h resistances
Price might go to $470 or even new high then do retracement to stop out late Longs.
At $620, Projection of past price. I'll be 90% out before this.
If the price breaks above the cyan trend line and holds above $385 it could signal a bullish reversal.
Conversely, if the price fails to hold above these levels and drops below $350, it may continue its downward trend.
Keep an eye on volume during any breakout attempts. Higher volume can confirm the strength of the move.
Monitor key psychological levels like $400 and $500 for further confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.