Tesla was a great run. I've had a chance to caught it around 365 usd on options market on Jan 17 contracts. I must say it is going to be the best trade in my lifetime. Even i didn't expected this one would run like this. Absolutely amazing. And i believe Tesla will break 1.000 levels easily in the near future.
However, markets need corrections and i will be on the short side of the market after this run. This weekly candle shows me signals of sellers area of interest. Will be closely pay attention to the weekly close. But its not enough for me to consider put contracts yet. I want to see a volatile consolidation with decreasing volume. I will definitely share my entry with you before i entered the trade if there will be a nice setup. Till then nothing to worry about tesla, yet
Long live btc
However, markets need corrections and i will be on the short side of the market after this run. This weekly candle shows me signals of sellers area of interest. Will be closely pay attention to the weekly close. But its not enough for me to consider put contracts yet. I want to see a volatile consolidation with decreasing volume. I will definitely share my entry with you before i entered the trade if there will be a nice setup. Till then nothing to worry about tesla, yet
Long live btc
Note
P.S: My lines on chart does not mean that i think price gonna go to that area. It just means that if it goes there, i will be looking for buying callsTrade active
Tesla correction confirmedLevels i'll be watching for calls:
-435 usd
-386 usd
Order cancelled
This is why i love tesla, i will wait for another setup cause it blowed off all of my reversal points.
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.